BINGO! BO!
Time to check credit and update, adding more circles sine last update AT my old LINES see how price reacts ACCORDINGLY AT SWING THOSE LINES "price points".
Showing you now the Blue rising wedge foretold yesterday. The 1894.25 red level started way back in 30min chart go check if you forget. These two lines plus the Pavlov 'brain muscle' memory of sell the overnight spike, provide target retreating reactions.
Look at the lower TL of rising wedge, it intersects the yellow BO line 1875. With local bull flag taking shape to reach that level, consequently can launch another bounce to surpass interim HOD - which already showed a BO of said rising wedge, even in bear case that it's a FO and the 1875 lost again by EOD, still that alone concludes NOT the rally is over (to lower low than 1/20's) only in VST more retesting of old lines below likely underway.
so take some pocket money first always good...
ES retracing my 1894.25 line
Posted in another thread at the open 6:33 AM and now, see the Green arrow placed at 1894.25 anticipated ahead of price arrived there? That's how LOL works!
Edited by iloliway, 22 January 2016 - 12:31 PM.