For Intraday Only!!!

luckystar2006

I find this intraday pattern working over and over again (not 100% reliable though) since I started to track it 2-year ago.  Assuming it works again this time, BLUE arrow implies market will attempt to rebound again tomorrow.  Let's see if it works again this time.

luckystar2006

Green arrow (cyan line hit red line) = rally or rebound
Red arrow (dash red crosses above dash blue) = pull-back
Blue arrow (solid red crosses above dash blue) = rally or rebound

dsp

Thanks. It has big chance to go up tomorrow after down so many days.

luckystar2006

Some examples.

luckystar2006

Market is going to break out soon (like in an hour or two), but no clue of yet which direction.  Let's wait & c.  Btw, blue arrow worked out this morning.  

yitong

Are those chart functions only available to the member of stockcharts.com?  Do you know if I am able to draw a similar chart using TOS (thinkorswim)? thanks

luckystar2006

yitong 发表于 2013-9-25 09:34 PM
Are those chart functions only available to the member of stockcharts.com?  Do you know if I am able ...

Yes, you need to be a stockcharts.com member so you could use those add-on features, which a basic subscription is sufficient enough to setup signals in your suitable time-frame. In order to take advantages of it to the fullest extent, I recommend you to subscribe to it.

yitong

Luckystar2006, thank you very much for your response.

luckystar2006

This 60-minute chart shows DOW is under strong confluence of supports with MACD crossing above today.