Nothing has changed...HL's to HH's on my largest timeframe.
I currently have no steak in the market as my Target hit Friday morning and I have been out ever since.
The only thing that will confirm a buy for me is:
1. A break below 20,667.9 coupled with the required confirmations
2. A consolidated HL on an active timeframe in the lower timeframe zones (This will be in keeping with Monday, Tuesday & sometimes Wednesday consolidation and retracement rule).
The great thing is that I only enter/exit the market with one and only ONE signal for entry and exit.
If that condition is not met I will neither take or exit a trade...a part of ever improving the process.
Analysis never stops Growth never slows You can only fail at trading if you quit The more you analyze and practice is the better you will become.
NASDAQ.USD.1.IEN hi and I hope you are enjoying your weekends guys In my last Mind, I said ( good luck to who went long, the ear pinch is waiting you lol) those guys lost more than 100 points
And for who kept the long the ear pinch will be extended to make those lose another 160 points on Monday
But let us talk for what is coming after that Do you wish the market go up or down Down with that guy who mentioned Maybach music as he said and that we would go down and to fill the gap down or to go up to any number you wish 22k or 23k or even 24k?! Choose))
While everyone assumed price had become very bullish from the recovery, a quick parallel channel showed that the bulls were reaching a level of exhaustion. Price failed to break and hold above the channel mid-point even though it was creating HHs. This was an indication that price would eventually breakout to the downside. The min LH acted as a retest before the continuation.
Overall target to fill the daily and weekly gap remains the same.