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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you have to monitor the
SPX 15 min comments
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.