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MARKET THOUGHTS


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#1 Mr Dev

Mr Dev

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Posted 06 May 2014 - 07:11 PM

showing here the chart below of the Qs hidden trendline failures that came just after the open and again mid day from....
the Sell Signal Posted Earlier today..

Posted Image

HERE is the chart i said i would post for you folks.

This is the one that told me that the market was breaking trend lines and NOT to expect a strong reversal mid day (after the Orange Line) where NO KEY support could be found

after Key Support was broken (the Red Line)

This is also why the SELL Signal stayed on so long as Prices Moved Down thru one trendline ...(at the Open) to the NEXT Trendline Midday .

You can see price close just at the trendline drawn on the April 28th price low.

Ill also post it as a new topic and a link back to this thread in case others want to review.


Enjoy
:bowtie:

Posted Image


and here is the chart with the added trendline off that recent low ..(Thin Black Line)

Posted Image

Edited by Mr Dev, 06 May 2014 - 07:16 PM.


.. .. ..
Mr Dev

......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
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