Posted by DigiNomad on 12th of Apr 2024 at 02:14 pm
SPX 1hr - I watch a YouTube guy every night that repeats the
same setups over and over and over again. Essentially, the anatomy
of a trap...but he does it in the context of the current index
charts. When there's a lot of bearish momentum, he says the
normal 2 try failure / trap patterns often requires 3...and the 3rd
has to go lower than the previous 2. The trigger is the 1st green
candle when the broken level is taken back. It's setting up
here. Trigger would be a solid green candle above 5139 ish (I think
most people with standard setups wait for the break above
5156....but that's where I'll be looking to sell (if it triggers)
He uses tick charts...very short term, but it is fractal,
IMO
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SPX 1hr - I watch
Posted by DigiNomad on 12th of Apr 2024 at 02:14 pm
SPX 1hr - I watch a YouTube guy every night that repeats the same setups over and over and over again. Essentially, the anatomy of a trap...but he does it in the context of the current index charts. When there's a lot of bearish momentum, he says the normal 2 try failure / trap patterns often requires 3...and the 3rd has to go lower than the previous 2. The trigger is the 1st green candle when the broken level is taken back. It's setting up here. Trigger would be a solid green candle above 5139 ish (I think most people with standard setups wait for the break above 5156....but that's where I'll be looking to sell (if it triggers)
He uses tick charts...very short term, but it is fractal, IMO