July 27, 2012
- in Uncategorized by schooloftrade
Pretty slow and sloppy, barely bullish on the heat map @ +0.3%
E-Mini-Russell Checklist:
HeatMap: What is it telling us?
Pretty slow
and sloppy, barely bullish on the heat map @ +0.3%
and sloppy, barely bullish on the heat map @ +0.3%
OHLC
Analysis:
Analysis:
We are
seeing higher-highs and higher-lows we are assumed to be bullish, but we need
to confirm this with price action.
seeing higher-highs and higher-lows we are assumed to be bullish, but we need
to confirm this with price action.
Overnight
Highs & Lows:
Highs & Lows:
We saw the
buyers FAIL when they tried to break new higher-highs above the early morning
high of day. This is a failure, and a
failure tells us to look for the price-reversal.
buyers FAIL when they tried to break new higher-highs above the early morning
high of day. This is a failure, and a
failure tells us to look for the price-reversal.
Are we
inside or outside day today?
inside or outside day today?
We are
trading inside the range from Thursday, and almost smack in the middle of the
range.
trading inside the range from Thursday, and almost smack in the middle of the
range.
What
price-structures do we see?
price-structures do we see?
· Price wedge is here today and we are
in the middle, which is a DANGEROUS spot to look for trades.
in the middle, which is a DANGEROUS spot to look for trades.
· Price Channel is bearish, and its
really not important at this time unless we get to the lows.
really not important at this time unless we get to the lows.
· Trigger-zone are above and below us today
· AB=CD Pattern is bullish and just
recently set-up when we tested the PHOD.
recently set-up when we tested the PHOD.
· Zigzag is definitely setting up with
the short term bear price channel.
the short term bear price channel.
· Double-top / Double-bottom none today
· Range Highs and Lows we are in the
middle.
middle.
Where
will a reversal be likely today?
will a reversal be likely today?
Most likely will be at the price wedge highs and
lows. Selling PHOD and/or buying the PLOD.
