RENKO CHARTS

[leftyg]

eu...I hope your fortitude is repayed with a winning entry.

I would not be surprised to see an intraday move tomorrow that appears to be a reversal downward brick filled..and then late buying finishing tomorrow with the uptrend bricks intact.

You mention a 3% loss in two days..yes, that is the 1X move..twice that on MVV of course..which is why I use renko settings that only reverse on moves over 6%. I think those who wish to take large long positions, know about what sort of decline it takes to scare those holding longs out of their positions.

Since we cannot see the future with absoluteness..we can only use probabilities, and the TA that supports what "usually" happens.

There are those who think the July lows will be tested..if so, I will be among those shaken out..and hope to make a dollar on the short side. regards.