Dentalfloss
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S500 index
4 hour close plot gives us a good picture of general price action
we are in a recoil in a downtrend and its also very volatile
any of these areas could get hit including horizontal supp/res which we have not plotted
we could go up to 2052 and even 2072 areas quite quickly.
this is a downtrend...the good bit is that there will be fake upmoves which will yield lots of pips when they get shorted..keep scanning for those unsupported upmoves.ie plot the support areas on the way up and see if they hold if they get tested
we should also get some fake down moves..vice versa
4 hour close plot gives us a good picture of general price action
we are in a recoil in a downtrend and its also very volatile
any of these areas could get hit including horizontal supp/res which we have not plotted
we could go up to 2052 and even 2072 areas quite quickly.
this is a downtrend...the good bit is that there will be fake upmoves which will yield lots of pips when they get shorted..keep scanning for those unsupported upmoves.ie plot the support areas on the way up and see if they hold if they get tested
we should also get some fake down moves..vice versa