bbmac
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re post #7444 Page 931 How did it work out?
This is what I posted last saturday:
For those that know my set-ups, you will recognise the Daily Reversal Extreme ii that set-up at the confluence of that first mentioned zone and the 76.4% of the 7621-3505 swing down.
G/L
This is what I posted last saturday:
There is hidden divergence building on the weekly chart indicating at least a correction to the uptrend that has developed to the daily , possible weekly chart off 3505 low, may occur...... Nearer term potential sbr/res and you have to dip down to the daily chart..it shows a previous swing hi=prev res=potential resistance 6367-6687 and a previous minor swing low =previous support=potential sbr (b) 6772-7027 at which I might look for a 4hr set-up possibly fine tuned on the 1hr. As you will see both these daily zones encompass some of the fibs mentioned above
If I were trading off the daily trigger I would be looking for a decent daily reversal candle (pin, inside, engulfing etc...) at these levels and some oscillator extremes or divergence on that t/f.
For those that know my set-ups, you will recognise the Daily Reversal Extreme ii that set-up at the confluence of that first mentioned zone and the 76.4% of the 7621-3505 swing down.
G/L