Monday, July 13, 2015 6:46:19 PM
Weekly FUTs vs Daily FUTs ... opposite patterns
Re-testing the break-down levels from rising wedges on the weeklies
while the dailies break-out of descending wedges...
Price is behaving in proper fashion with respect to the T/A wedge pattern - on both time frames.
Technically you should respect the longer term pattern and time frame more-so than the shorter...
So, let's be clear !
Now that the weekly's short term upward re-test of the rising wedges' break-down levels has happened
I'd expect price to reverse and continue to move down, as per rising wedges rules...
Which means the daily's breakout levels of their declining wedges will be re-tested
so I expect a reversal back down towards their break-out levels...as per declining wedges rules...
ummm, clear?
Re-testing the break-down levels from rising wedges on the weeklies
while the dailies break-out of descending wedges...
Price is behaving in proper fashion with respect to the T/A wedge pattern - on both time frames.
Technically you should respect the longer term pattern and time frame more-so than the shorter...
So, let's be clear !
Now that the weekly's short term upward re-test of the rising wedges' break-down levels has happened
I'd expect price to reverse and continue to move down, as per rising wedges rules...
Which means the daily's breakout levels of their declining wedges will be re-tested
so I expect a reversal back down towards their break-out levels...as per declining wedges rules...
ummm, clear?
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