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Hourly Bear Flags EVERYWHERE!

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#1 iloli way

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Posted 24 June 2016 - 11:22 AM

past 18 hrs, hrly they ''all" look like this, (gold bull flag)...

 

Nasdaq%2B100%2528Hourly%2529201606240909

 

 


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

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#2 dasein

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Posted 24 June 2016 - 11:51 AM

agree iloli- think it should retrace a bit more - almost to the break and then heave again....bear style.


best,
klh

#3 iloli way

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Posted 24 June 2016 - 12:41 PM

Regular day cash tracing exhaust bears tho...

 

like 5min 'reverse sickle', 'hockey stick'...ettc 


Edited by iloli way, 24 June 2016 - 12:49 PM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#4 iloli way

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Posted 24 June 2016 - 01:05 PM

Regular day cash tracing exhaust bears tho...

 

like 5min 'reverse sickle', 'hockey stick'...ettc 

 

or  ignore the gap, don't treat it as flagpole, today so far a bull flag...


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#5 iloli way

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Posted 24 June 2016 - 02:38 PM

ES : The Know already shorted as I hollered yesterday 4PM PST and covered 100 pts last night, the rest is a Red Bearflag, and a local Blue Bear Trap w/own merit to close day higher from here w/ a BO... just tell it like it is.

 

22 mins to cash close.

 

S%2526P%2B500%25285%2BMinutes%2529201606


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#6 iloli way

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Posted 25 June 2016 - 12:08 AM

This is what I meant by today is a bull flag in cash chart: 

 

S%2526P%2B500%25285%2BMinutes%2529201606


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#7 iloli way

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Posted 25 June 2016 - 12:09 AM

...A Hockey Stick in Worden chart:

 

spx6-24.PNG


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#8 iloli way

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Posted 25 June 2016 - 12:28 AM

That's why I always use futures charts for LOL reading: it's a complete non-stop uninterrupted wholesome price GPS map for my lines to rule!

 

 

a local Blue Bear Trap w/own merit to close day higher from here w/ a BO... just tell it like it is.

 

22 mins to cash close.

 

Notice before cash-close a small BO of Blue to 2040 then fell and bounced exactly from bottom TL of Blue.  Real BO will come albeit a sayonara gaped down and down kill it...

 

S%2526P%2B500%25285%2BMinutes%2529201606


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#9 salam

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Posted 25 June 2016 - 06:05 AM

What an end to the week; happy my shorts made bingo profits; sad about the brexit decision.

I covered at the close but am expecting a retest of 2009 first before a final rally back to 2073-85.

Expecting some central bank intervention talk early next week to get the Bears covering and bust the hockey stick back up.

A lot of damage has been done on the weekly chart; a cash close below 2025 begins the bear.

Other scenario of course is we go straight down to 1990 Monday and waterfall down like last August....
I'm not sure what my future holds... But I know who holds it.

#10 salam

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Posted 26 June 2016 - 07:59 AM

So have revised my calculations over the weekend; any higher than 2075 will probably be very unlikely in the short term.

Continuation in Sunday futures of your blue flag suggests retest of Lows 2000-2009 area

If we bounce Above and break your blue flag to the upside; that projects a possible bounce for the cash to 2050-62.

Break of 2025 I will be back to net short and will try to cover 2000-2009 area

My expectation for Monday is a consolidation and possible rally failure
I'm not sure what my future holds... But I know who holds it.





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