Inverted hammer could be viewed as bullish, daily MACD trying to turn still. But why do they need so many days to turn
the market ? Consolidations usually resolve in the direction of trend.
Edited by CLK, 09 April 2018 - 04:56 PM.
Was today a bear trap ?
Started by
CLK
, Apr 09 2018 04:55 PM
17 replies to this topic
#2
CLK
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Posted 09 April 2018 - 05:05 PM
Every bull is banking on that inv. H&S pattern to pay off, what happens if it fails ?
#3
CLK
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Posted 09 April 2018 - 06:07 PM
Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.
#4
fib_1618
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Posted 09 April 2018 - 08:03 PM
Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.
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#5
Dex
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Posted 09 April 2018 - 08:11 PM
Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.
When was the last time "The sign of the bear" as triggered?
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#6
CLK
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Posted 09 April 2018 - 08:55 PM
I'll never understand why what happened today was necessary if the goal is to take the market higher, I mean why one more down ?
#7
NAV
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Posted 09 April 2018 - 11:41 PM
Morning - bear trap, Afternoon - bull trap, After hours - bear trap, Trump's next tweet - bull trap 
#8
alexnewbee
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Posted 10 April 2018 - 03:44 AM
Inverted hammer could be viewed as bullish, daily MACD trying to turn still. But why do they need so many days to turn
the market ? Consolidations usually resolve in the direction of trend.
Repeat of 22 March, eh?
"we do G.d's work" Lloyd Blankfein
#9
CLK
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Posted 10 April 2018 - 04:47 AM
If symmetry is what they are after then we have through Wed. close before this is over.
Edited by CLK, 10 April 2018 - 04:49 AM.
#10
cycletimer
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Posted 10 April 2018 - 03:49 PM
CLK,
You nailed yesterday's Close.... BEAR TRAP!
You nailed yesterday's Close.... BEAR TRAP!
Edited by cycletimer, 10 April 2018 - 03:51 PM.
