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1. market quickly went down and quickly rally back, first a couple of bars largely overlapping, bulls and bears were fighting, possible range day?
2. consolidate right above EMA, when this happens, market turn to break away from EMA.
3. market indeed went up, break out last friday's last hour consolidate area.
4. breakout pullback to test previous resistant, which now it's a support. the pullback was two-legged, reliable long setup here.
5. new high here. but it didn't go long before pull back to support again.
6. two-legged pullback to EMA from new high bar 5. long set up at bar 6. but here, because the 2 hour long trendline was broken (with two strong bear bars) and the lack of strength at bar 5, this long at bar 6 should be a scalp.
7. after trendline broken, two-legged (the first leg end with the bull bar that two bar before 6) pullback to test old extreme, very likely a reversal here (we have seen this many many times since i started this daily report), and if happens, most likely at least two-legged. short at lower low at bar 7, stop at one tick above 7.
8. break down previous support, also looks like a H&S top.
9. first time the market closed above EMA since the reversal, which should be faded. plus it looks like a breakout pullback of H&S, likely the start of the second big leg down.
10. two-legged pullback to EMA, short, and market went down till close. this two-legged move is not that obvious, the bear bar 2 bar ago ended the first leg. |
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狗仔卡
发表于 2010-2-8 06:04 PM
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发表于 2010-2-8 06:06 PM
发表于 2010-2-8 06:08 PM
