Possible ED (Ending Diagonal) to watch? This would allow for
another pop to complete..continue to trail up stops. Gann vibration
is around 1969/70 (from a buddy)
Notice that the 15 minute candle did not get a confirmed break
down earlier.
I was looking at your 30 minute cup and handle chart, and
squinting my eyes, and seeing the ending diagonal as the handle,
and the 1925 low on October 8 as the left shoulder??
SPX Intraday Views
Posted by steve on 24th of Oct 2014 at 11:07 am
$SPX - Chart Link
$SPX - Chart Link
$SPX - Chart Link
Possible ED (Ending Diagonal) to watch? This would allow for another pop to complete..continue to trail up stops. Gann vibration is around 1969/70 (from a buddy)
Notice that the 15 minute candle did not get a confirmed break down earlier.
Steve, Could that ending diagonal
Posted by sbwoman on 24th of Oct 2014 at 12:19 pm
Steve, Could that ending diagonal on the cup+handle chart also be seen as a handle on a slightly larger view? Thanks!
sbwoman..can you post a chart
Posted by steve on 24th of Oct 2014 at 12:33 pm
sbwoman..can you post a chart showing what you mean? The SPX has been a "V" move and there is no shoulder or handle that I see.
I was looking at your
Posted by sbwoman on 24th of Oct 2014 at 12:53 pm
I was looking at your 30 minute cup and handle chart, and squinting my eyes, and seeing the ending diagonal as the handle, and the 1925 low on October 8 as the left shoulder??
Handles angle down not up.
Posted by steve on 24th of Oct 2014 at 12:54 pm
Handles angle down not up. Simply put, there is not a deep enough pullback to form a proper RS or handle. This is simply a trend up.
Got it, thanks!
Posted by sbwoman on 24th of Oct 2014 at 12:57 pm
Got it, thanks!