Despite what you've been told, I've finally proven that trend lines are about the only thing that matter. With that said, first stop is 2643-ish over red line. After which, red line should break to check down to 2593 before running to 2744.
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12:19 AM, so from #138, price took the bull binary and is going to the channel ceiling at 2643. Here, it really should drop 50, to check 2600 and 2593.Note
a) but only if red line breaksb) in which blue line should hold
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1) and that's all there is to it
2) no indicator, blah, blah, nothing
3) it's simply bull/bear vs the newest line
4) and right now that is:
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1) it's actually 2650, I checked2) so 2650, 2744, 2850
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3) all done 10/08Note
1:08 PM, watch orange line, it just tagged, a) if it breaks then maybe 2610?
b) OR stall and go out again b
c) but then you would have a new line between orange and red
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1:22 PM decent chance, 1 in 3, we top today 2650-ish and start dropping Note
a) if we do...b) we should then close 2617-2620
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a) unless we get the orange line back
b) we will see
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Note
So post above is #140.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.