Posted by DigiNomad on 26th of Aug 2022 at 04:21 pm
SPX 2 Hour - Annotated with test of previous broken trend line.
On a related note, another theory I've been working is that
the market signals a reversal from a channeling state when it
breaks the channel IN THE DIRECTION OF THE TREND. After that, if my
theory holds, price will go up and through the other side of the
channel and start a trend in the other direction. If it plays out
this time (we broke the channel in the direction of the trend
today), that's how I think we get to a 4375 test.
SPX 2 Hour - Annotated
Posted by DigiNomad on 26th of Aug 2022 at 04:21 pm
SPX 2 Hour - Annotated with test of previous broken trend line.
On a related note, another theory I've been working is that the market signals a reversal from a channeling state when it breaks the channel IN THE DIRECTION OF THE TREND. After that, if my theory holds, price will go up and through the other side of the channel and start a trend in the other direction. If it plays out this time (we broke the channel in the direction of the trend today), that's how I think we get to a 4375 test.
SPX - circled area of
Posted by DigiNomad on 29th of Aug 2022 at 01:57 pm
SPX - circled area of confluence (broken downtrend line, etc, etc) is holding for the time being.
Can you share the link
Posted by anjali25 on 26th of Aug 2022 at 06:36 pm
Can you share the link