bulls need breakout red line to claim the victory.
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rola wrote:Cobra what about head and sholders formation¨?
Thanks
Where?
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powerful OR breakout, good, but bulls still need to breakout the rectangle to send bears running in cover. let's wait and see.
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xiakeman wrote:Which red line bulls need breakout? 133.65 or 134.08?
Thanks, cobra.
I said OR, so it's the very first red line and now it's history already.
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ES at 5dma resistance here, Bears last stand. agressive bears sell here with 3% trailing stop ( if your draw down is that wide) this is good place to be a bear.
My comments are for entertainment/educational purpose only. NOT a trade advice.
rola wrote:Cobra what about head and sholders formation¨?
Thanks
Where?
I think on the daily it is plausible that we could be forming the right shoulder. See chart.
I kind have a doubt because the push up we had was way too strong, hard to image it couldn't at least to test the previous high.
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