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The market won't reverse and close green today. That's my guess. Needs another leg down of scale. That leg could happen today or tomorrow. I still assume the 2736 low will be tested, or should assume so to prevent a bad long.Cobra wrote:this is the 2nd test of the day low so before a decisive new low, anytime a sharp rebound would mean possible trend reversal. I'm waiting for the setup.
Guessing lower high before another leg down between 1 PM and 3:30 PM per backtesting timeframes - you don't really want to be long after 2 PM.Cobra wrote:you see signal bar got stronger and stronger, so maybe the current signal bar is good for a scalp at least. just maybe, I don't want anybody to risk because trading reversal usually has only 34% successful rate.