Right side: Day timeframe
Left Side: Week timeframe
Main point of the idea:
We have had 2 great starts to the market right above the 142.65 mark. Two days later, we started the day candle above 146.28 (the Day 200). With that in mind, the buy up was not surprising at all. As I always say, I am mainly concerned about where we start the trading day/candle.
The issue now is that we are back to where the actual resistance is (151.82-153.46. So there is a much greater chance for things to get sold back down. In other words, we are at the take profit spot.
A day candle starting back under 149.70 will most likely be a bad sign. Starting under 151.60 will look bad as well. But we will see.
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I will put out a video tomorrow. Its been tough not being somewhere I get both internet and amazing speeds. I am currently doing this by using my phone as a hotspot.
Sorry I have been away, the internet isn't up yet, but I should be able to upload a video tomorrow.
Where I am at has no internet, the family member I am taking care of has no internet and my other nearby family member had upload speeds of 3mbps.
For reference, before I came up to NY, I had 380 download and ~200-300 upload, so the 20 minute videos (~700MB/5600Mb) didn't take long at all to upload to TradingView. An actual progress bar would be nice as well so I know if my upload is even still going.
Left Side: Week timeframe
Main point of the idea:
We have had 2 great starts to the market right above the 142.65 mark. Two days later, we started the day candle above 146.28 (the Day 200). With that in mind, the buy up was not surprising at all. As I always say, I am mainly concerned about where we start the trading day/candle.
The issue now is that we are back to where the actual resistance is (151.82-153.46. So there is a much greater chance for things to get sold back down. In other words, we are at the take profit spot.
A day candle starting back under 149.70 will most likely be a bad sign. Starting under 151.60 will look bad as well. But we will see.
___________________________________
I will put out a video tomorrow. Its been tough not being somewhere I get both internet and amazing speeds. I am currently doing this by using my phone as a hotspot.
Sorry I have been away, the internet isn't up yet, but I should be able to upload a video tomorrow.
Where I am at has no internet, the family member I am taking care of has no internet and my other nearby family member had upload speeds of 3mbps.
For reference, before I came up to NY, I had 380 download and ~200-300 upload, so the 20 minute videos (~700MB/5600Mb) didn't take long at all to upload to TradingView. An actual progress bar would be nice as well so I know if my upload is even still going.
