A nice chart, useful also if you're trading #crypto $BTC $LTC $ETH (not for correlation, just because all the markets move the same). At big resistance area right now, pretty clear skies above, support noted below.
All clear immediately below, demand absorbed by that congestion.
Same story. Distribution pattern into supply area, nearest level of demand already exhausted.
DAX as all global indices is running into supply on thin volume, clearing demand while going up. Big move down soon.
I've been stalking this one for some time; it looks just primed for a a big short, not a lot of support below if things start going south.
AXP arrived at target, given the general situation of the indices this one has potential for a big move.
Playing with fire here, especially if the indices break down. Reality Checks: - At Daily Leg Start? Y* - Daily trend is in synch with position? Y - Clear Accumulation / Distribution pattern on 60'? Y - It's easy to know where / when the setup is invalidated? Y * already tested during ER but still in the area
Probably not the structure that bulls want to see in this area. Today is a FED day so we could see a resolution (either today or very soon, not much room to run from here to invalidate the setup either way ). Reality Checks: - At Daily Leg Start? Y - Daily trend is in synch with position? Y - Clear Accumulation / Distribution pattern on 60'? Y - It's easy to...