tried a buy on the push to a new low in a support zone.
2nd push down with +diverg and hook up in my oscillator. naz
(nq has been green all day) and ticks failed to confirm the new
low. we'll see if it can get through resistance here.
cyan bars are large contract players buying into the decline.
usually price will retest at least the middle of the reversal
bar on this type of potential reversal so you can bid at a good
price (i bid 1187.5 after the close of the reversal bar with the
hook)
divergent low
Posted by edfash on 13th of Oct 2011 at 11:41 am
tried a buy on the push to a new low in a support zone. 2nd push down with +diverg and hook up in my oscillator. naz (nq has been green all day) and ticks failed to confirm the new low. we'll see if it can get through resistance here. cyan bars are large contract players buying into the decline. usually price will retest at least the middle of the reversal bar on this type of potential reversal so you can bid at a good price (i bid 1187.5 after the close of the reversal bar with the hook)
Nice, Thanks Edfash
Posted by jambo1 on 13th of Oct 2011 at 11:58 am
Nice, Thanks Edfash