October 23, 2012
- in Uncategorized by schooloftrade
Morning Mini-Russell Checklist:
Heat Map
Review:
Mini-Russell
moving well at -1.3% market personality
moving well at -1.3% market personality
Overnight
Highs & Lows:
Highs & Lows:
Lower-lows
and lower-highs tell us this market personality is bearish, however, the big
candlestick wick gives away a possible price-reversal.
and lower-highs tell us this market personality is bearish, however, the big
candlestick wick gives away a possible price-reversal.
Inside or
Outside Day?
Outside Day?
We are
outside day, below the PLOD, which confirms a moving market and a bearish
market sentiment.
outside day, below the PLOD, which confirms a moving market and a bearish
market sentiment.
Find the price-structures: · Trigger-zone is resistance starting
at 14.3, 24.0, 28.0, 29.0, and 34.5 all resistance from trigger-zones
at 14.3, 24.0, 28.0, 29.0, and 34.5 all resistance from trigger-zones
· AB=CD Pattern is bullish with a price-reversal
zone at 804.5
zone at 804.5
· Price-wedge is not on this 89range
· Price-channel is bearish, the high-percentage-trades
will be selling at the highs
will be selling at the highs
· Zigzag Pattern is not on this chart
· Sideways / Trading Ranges not on the
89range, we are trending lower.
89range, we are trending lower.
· Double-top / Double-bottom not on
this chart.
this chart.
Where
will a price-reversal be likely today?
will a price-reversal be likely today?
Our price-structure
says that as price falls lower we look for the price-reversal at the lows of
the price-channel, the AB=CD Pattern support at 804.5 and the lows of the major
trigger-zone around 800.0.
says that as price falls lower we look for the price-reversal at the lows of
the price-channel, the AB=CD Pattern support at 804.5 and the lows of the major
trigger-zone around 800.0.
If price
moves higher we look for the price-reversal at the PLOD and the 14.3 trigger-zone
resistance. If price keeps moving higher,
we look for price-reversal at the PHOD, the trigger-zone, and the trend line resistance.
moves higher we look for the price-reversal at the PLOD and the 14.3 trigger-zone
resistance. If price keeps moving higher,
we look for price-reversal at the PHOD, the trigger-zone, and the trend line resistance.
