you have to monitor the time frame you are monitoring. that said
to me I when I looked at the 60 min ribbon last night I thought it
had the look that it would go up enough to break through it.
this is where the 'art' comes into it or experience. I can't
really describe well in words the 'look' when the ribbon is bearish
and I think there's a high likelihood of it breaking through vs
reversing down again when it pinches. This comes after
viewing 100's or 1000's of past examples and calibrating your eye.
that's why for you guys, there's not substitute for taking the
time a few times a week and reviewing charts and past indicators to
see how they behave.
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Update: Update: SPX 15 min comments
SPX 15 min comments
Posted by matt on 15th of Sep 2020 at 10:01 am
$SPX - Chart Link- I added fibs and a potential measured move on the flag
also notice the nice MA ribbon pinch that was in place at the close yesterday, it was lined up
Hey Matt/Steve, could you comment
Posted by kevindeng0727 on 15th of Sep 2020 at 11:54 am
Hey Matt/Steve, could you comment on the 60 min vix pattern, looks like some bull flag or a-b-c pullback. Thanks.
$VIX has been in an
Posted by elementsix on 15th of Sep 2020 at 12:19 pm
$VIX has been in an unusually tight range over the last 2 days as well. Little double top here today...
Way too deep of a
Posted by steve on 15th of Sep 2020 at 12:07 pm
Way too deep of a pullback for a bull flag - no real pattern but wise to monitor
Quick question : 15 min
Posted by profmel on 15th of Sep 2020 at 10:05 am
Quick question : 15 min ribbon pinched bullishly; 60 minutes is pinching from the bearish underside. Which is the strongest/takes precedence?
you have to monitor the
Posted by matt on 15th of Sep 2020 at 12:18 pm
you have to monitor the time frame you are monitoring. that said to me I when I looked at the 60 min ribbon last night I thought it had the look that it would go up enough to break through it.
this is where the 'art' comes into it or experience. I can't really describe well in words the 'look' when the ribbon is bearish and I think there's a high likelihood of it breaking through vs reversing down again when it pinches. This comes after viewing 100's or 1000's of past examples and calibrating your eye.
that's why for you guys, there's not substitute for taking the time a few times a week and reviewing charts and past indicators to see how they behave.