$SPX - Chart Link- added the point values on
those 3 pullbacks, today so far both 16.7 points, the largest one
was 18 points completed yesterday morning
and see my comments about symmetry break below - I've seen this
a lot in the past - when symmetry is broken but really close like
that, you often get a strong or nearly a full retracement for the
lower high - it basically fakes you out thinking it's rallied too
much and going back to highs, gets close only then drops
Posted by DigiNomad on 19th of Jul 2023 at 03:37 pm
Here's how I had intraday symmetry drawn (the nearly vertical
lines in the down channel). Kind of wonky with the big tails
to account for earlier in the day, but it reversed right at the
symmetry I had drawn. Lucky? I haven't attempted drawing symmetry
lines much in the past...
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$SPX - Chart Link- added
Posted by matt on 19th of Jul 2023 at 12:53 pm
$SPX - Chart Link- added the point values on those 3 pullbacks, today so far both 16.7 points, the largest one was 18 points completed yesterday morning
for nice price has bounced at symmetry
SPX reversing down from the
Posted by frtaylor on 19th of Jul 2023 at 03:31 pm
SPX reversing down from the bounce up to the .786, so far anyway.
and see my comments about
Posted by matt on 19th of Jul 2023 at 03:34 pm
and see my comments about symmetry break below - I've seen this a lot in the past - when symmetry is broken but really close like that, you often get a strong or nearly a full retracement for the lower high - it basically fakes you out thinking it's rallied too much and going back to highs, gets close only then drops
Here's how I had intraday
Posted by DigiNomad on 19th of Jul 2023 at 03:37 pm
Here's how I had intraday symmetry drawn (the nearly vertical lines in the down channel). Kind of wonky with the big tails to account for earlier in the day, but it reversed right at the symmetry I had drawn. Lucky? I haven't attempted drawing symmetry lines much in the past...