Replies to post #44245 on Short Term Trading Member Forum

[blacktruck]

Considering we have come from 1010 this represents .25 so far on a fib basis...graphically illustrated on this 30...



I would have expected more selling here if entering a full blown bearish scenario

there is also the presence of a "B" triangle as the last wave in the diagonal which suggests one thrust lower,retrace then finish off of a c wave before heading higher.

As a trader I need a lot more evidence...for now Bliss contention of leading diagonal very much alive...strictly my opinion of course and delivered with all due respect...

In edit..

Waiting on possible evidence at the ES (morphed) channel line..