Hardly a so well defined Bullish Flag failed before. Yellow 1375 was that 'First Hurdle' to leap, now the first support to fall back and hope to rebound from, to the next Red TL, the major pattern TL (Big Descending Broadening Wedge from March highs) do provide major resistance, at first trying assault normally. Over that Red line, the Blue Parallel Channel Top TL is waiting to dump some cold water at least. If BO above that, I will then look for next NEW line(s) beyond the horizon. Both Red and Blue line also posses reversal potential power, so beware. After all, the profits from bottom of last Sickle Snap up warning is very ripe and juicy to be harvested.... but we don't trade on that, just react to how Price reacting to my lines.
More over the weekend update and my blog:
http://iloliway.blogspot.com/
Also refer to my previous five threads here on FF, and/or Swing Waves board for this chart's evolving stages predicted.
Good Tradings.
iloli
ES PRE-MARKET
Started by
iloli way
, Jul 30 2012 04:25 AM
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#1
Posted 30 July 2012 - 04:25 AM
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton