Replies to post #120501 on Simple's Green Room

[pennies2007]

Correct Qui. Once the 4 hour breakout occurs, I'll start watching as the TDI comes back down to it's trendline. I'll use the lower time frames from the 15 minute to the hourly to fine tune the entry so there's very little drawdown once the final entry takes place.

[pennies2007]

You can see here Qui where the TDI is just now starting to show signs of a breakout condition. It's not good enough to qualify an additional long by any means but it does suggest that we'll begin to make the next move toward the top trendline of the overall falling bullish wedge pattern. I'll still exit at the top trendline and then wait to see what happens. Either it will get rejected at the top trendline or it will break out and then come back down to test the top wedge trendline as support as the TDI tests it's support line on the 4 hour. No way to know which will take place here just yet.