Now that we are trading at the 36250 key level we are forming a bearish flag under levels of resistance.
I see us in being in a A, B, C elliot wave move down to about the 36100 level where prior support was
I will be looking to enter this trade on the 5 minute time frame for precise entries.
I see us in being in a A, B, C elliot wave move down to about the 36100 level where prior support was
I will be looking to enter this trade on the 5 minute time frame for precise entries.
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with all my ideas I will post if its active so be sure to check the timestamps of when I go active. Im actually trading in the real markets so my update time may lag 10-20 minutes to when I actually executed a trade
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its now close to 10, havent entered the trade. I usually stop looking for the trade around 10:30, but definitely no later than noon. we shall see
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What Im looking for on the lower time frame is a event in divergence. Im looking at price action, volume and momentum.
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I like how price is moving so Im going to stick around til about noon to see what happens. My alerts are set
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Well the move happened. Great entry fomred, just wasnt here to catch it this time. tomorrow is another day. Id definitely move my stops to break even at this point and maybe even take upto half the position off
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take profit hit
Trade closed: target reached