DigiNomad, correct, on 4-hour and longer time frames the stops
are above the price in a downtrend. I see a completed sequence of
waves to the upside on /ES at Feb highs, however not yet on /NQ.
/NQ might want to have one more push up to form a lower high to
complete its sequence of waves to the upside.
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DigiNomad, correct, on 4-hour and
SPY and ES reversion to mean systems update
Posted by junkie on 9th of Mar 2023 at 04:35 pm
DigiNomad, correct, on 4-hour and longer time frames the stops are above the price in a downtrend. I see a completed sequence of waves to the upside on /ES at Feb highs, however not yet on /NQ. /NQ might want to have one more push up to form a lower high to complete its sequence of waves to the upside.