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no idea up or down from here. not far from the previous high so maybe test it first? Probably a range day today.
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morning hourly filled black bar. the implication is on the top left of the chart itself.
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3 push down so the pullback probably will be bought if not already being bought. still think range day instead of downtrend day. let's see.
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This 15 minute equivalent chart shows the big boost from "The National Team" reportedly intervening in the markets last night. So Friday AM we had Apple as the only green FAANG so everybody accuses Goldman of using Apple to prop the market. Then when things were fading in the afternoon we had a Wall Street Journal announcement (in algo readable format) that a Chinese trade delegation would visit the US before the end of the year. I am guessing we need to hear from Euro zone or Japan next as the round robin of who's paying for this round continues.
My five minute equivalent (these tick charts really slow down in the afternoon) clearly shows Cobra's three push down which is making my trend lines look poor. From the orderbook background it looks like a lot of traders are willing to sell a breakout. Not showing is the big group of sell orders just above the overnight high, but that seems to be pretty standard. Not the overnight high, substitute what ever the recent high and there is a band of orders.
now see where the range high is. assume day high for now.
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Sheer coincidence I am sure that the trend changed from down to up right after the London close at 11:30 Eastern (GMT -5).
Elliot wave update from Pretzel Charts both bull and bear counts are good. Bull count absolutely has to get a new all time high. Not exactly an unforeseen prediction.
Dropped through my trend lines, guess we are into a range until this breaks out or breaks down.
I added the major transaction dots back in after looking at some of the other charting software this weekend. Everybody who talks orderflow has the dots as well as the colored background and the deltas so I am not about to rock the boat. I won't put the horizontal volume on my fast chart it is already too hard to read.
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