Triantus Shango
Sergeant Major
- Messages
- 1,371
Watch out previous low on H4 around 1.3330. If market will break this area, then we can talk about shorting as Sive said on update. May we watch the movies with peaceful after that?
yes but sive's time frame is longer than a scalper's time frame.... so if we want to play really short term, i guess we have to watch out for intraday signs such as on H4:
- since the large down candle from 3520 on 12.2, every time the market retraced up it was lower high, twice now.
- today's drop on H4 started at a lower level from the previous high at 4670
- so.... if that bearish pressure continues, and the 61.8% i mentioned before gives way, well then... we should get something that looks like this 3-drive i posted... whether or not it is a 3-drive...
- also market is holding below the daily pivot now...
i don't see any other SPPT level around 3375-3385.... so why would the market bounce significantly back up from here? unless so crazy market moving macro news hits the wire, the signs seem to point down on TFs higher than M15.
yes? no?