[SPX] Rejected Near Resistance... Watch This Downtrend Line!
Generally this yellow line should be useful for longing X over, shorting X back under or shorting a rejection. As long as markets don't just tank anyway. Got some great mileage out of it today.
Price rejected around my trend fractals where I was expecting, made for easy long and then short into close as we hit LHs on the way down.
GL all.
Price rejected around my trend fractals where I was expecting, made for easy long and then short into close as we hit LHs on the way down.
GL all.
Catatan
OK here's more context, added the 2W Peak Downtrend fractal as light blue here, that should be an important trend moving forward. Yellow is same angle here as OG idea and only created from today's data...This steeper 1D Peak Downtrend seems bearish.
Catatan
Catatan
Oh yea, as expected...Catatan
Catatan
Look at that beautiful breakout above light blue on the 5M after hanging on it for awhile...Catatan
These red fractal lines should reject again.Catatan
Right on cue!Catatan
Just a quick light blue retest, lets see if it bounces or falls through...Catatan
Here's the range to look for breakouts and breakdowns...
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
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