For the downside, I would also look for a 3 bar confirmation
below the rising trendline on the 5 minute chart as confirmation.
You can take entries (long or shorts) earlier based upon your
triggers, etc. but this is something I watch for
confirmation.
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For the downside, I would
Quick Snapshot of Major Indexes
Posted by steve on 19th of Sep 2011 at 12:14 pm
For the downside, I would also look for a 3 bar confirmation below the rising trendline on the 5 minute chart as confirmation. You can take entries (long or shorts) earlier based upon your triggers, etc. but this is something I watch for confirmation.