Updated chart from previous idea on 10-27-18 (see related idea)
Until specific price movements tell me otherwise, I still remain with the upside bias of eventually getting to 7500...and 7800!
RED bands formed the base of this move; now unless there is some strong catalyst to provoke price in a straight move up, I'm focusing on the YELLOW zones for support and resistance to gauge my entries (my bias is LONG so any shorting I get into, will be that ... short term moves).
Once in an indicated zone for a reversal (Supp or Resist), I will use smaller price movements for entries/exits.
I'd be curious if anyone else's technical's line up with these yellow zones, either now or when that time comes???
Note: Smaller price movements does NOT mean smaller time frames. My belief is that time frames are irrelevant to my charts and price movement itself are what matter most.
Until specific price movements tell me otherwise, I still remain with the upside bias of eventually getting to 7500...and 7800!
RED bands formed the base of this move; now unless there is some strong catalyst to provoke price in a straight move up, I'm focusing on the YELLOW zones for support and resistance to gauge my entries (my bias is LONG so any shorting I get into, will be that ... short term moves).
Once in an indicated zone for a reversal (Supp or Resist), I will use smaller price movements for entries/exits.
I'd be curious if anyone else's technical's line up with these yellow zones, either now or when that time comes???
Note: Smaller price movements does NOT mean smaller time frames. My belief is that time frames are irrelevant to my charts and price movement itself are what matter most.
