H&S top breakdown. tinted are the text book target.
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Al_Dente wrote:From the “Whatever Works Department”
I use Vortex/5 on almost anything that works [edit: top panel]
It says a top is NEAR but it doesn’t distinguish between a “TOP” in caps and a “top” in lower case
60 min
67vortex.png
I like that "Whatever Works Department" the " It Is What It Is Department" is welcoming you.
My comments are for entertainment/educational purpose only. NOT a trade advice.
false breakdown but cannot say H&S top failed yet, wait. I'm neutral, although don't think it's bear attack.
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This is a 3 hour chart of the e-mini futures. Since May 16th, there hasn't been a close outside this channel. The horizontal green line seems to be the pivot area.
Until we get a decisive breakout, I remain skeptical.
Last edited by 67Chevy on Fri Jun 07, 2013 1:06 pm, edited 1 time in total.
The longer it consolidates flat and sideways the more I think it is going to be a three wave move to retest the high and then come crashing down in a C wave.
Look at the 1st and coming second sell on mid to long term, now you know the 1st sell already at the beach somewhere, now the second sell group is going to hit the beach, only will they come back safe? the first group looking double good
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My comments are for entertainment/educational purpose only. NOT a trade advice.
2nd dip of nyadv below 2k, as we approach vwap again, short a bit, low probability but if it works, seems more downside than upside potential this afternoon fwiw....
<;)
"It requires, obviously, some luck and some good policy."