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04/30/2018 Market Recap
04/30/2018 Market Recap
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Re: 04/30/2018 Market Recap
The day trade today:
No idea up or down so I was outside.
I'm not sure if I wasn't outside, I'd call bear here or not. Put the chart here so in the future I could review again.
When I was back, I saw this (viewtopic.php?f=2&t=2852&p=253310#p253310), I think bears may have legs. It was a L1 short setup.
I implied profit taking here (viewtopic.php?f=2&t=2852&p=253313#p253313): Wait for the breakdown then cover.
Rebound after the breakdown as expected. The rebound was good enough, so now watching double bottom (trading reversals setup) here (viewtopic.php?f=2&t=2852&p=253319#p253319).
I saw consolidation pattern, so breakdown was now more likely (viewtopic.php?f=2&t=2852&p=253332#p253332) instead of double bottom.
Breakdown indeed but it's a failed one, possible 3 push down (viewtopic.php?f=2&t=2852&p=253337#p253337). At this stage I thought the low was in for today.
The rebound failed in the last 10 minutes. I didn't long anyway because it was too near the close.
No idea up or down so I was outside.
I'm not sure if I wasn't outside, I'd call bear here or not. Put the chart here so in the future I could review again.
- 3.png (16.11 KiB) Viewed 849 times
I implied profit taking here (viewtopic.php?f=2&t=2852&p=253313#p253313): Wait for the breakdown then cover.
Rebound after the breakdown as expected. The rebound was good enough, so now watching double bottom (trading reversals setup) here (viewtopic.php?f=2&t=2852&p=253319#p253319).
I saw consolidation pattern, so breakdown was now more likely (viewtopic.php?f=2&t=2852&p=253332#p253332) instead of double bottom.
Breakdown indeed but it's a failed one, possible 3 push down (viewtopic.php?f=2&t=2852&p=253337#p253337). At this stage I thought the low was in for today.
The rebound failed in the last 10 minutes. I didn't long anyway because it was too near the close.
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Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.