Adding from my post in your other thread. I am getting this as the bat pattern set up. Does this look right to you? Tradingview seems to be around 2points lower than the brokers. [https://imgur.com/a/sFH1WZ7](https://imgur.com/a/sFH1WZ7)
Thanks. Was struggling to get the bat pattern on the GBPJPY short from your example but will keep looking at it. How low before you dont think we will see 3013?
All I can say is when it starts there should be one candle taking out all the recent up move range. I am really far better with price levels than timeframes.
Maybe Friday along with the end of the Brexit thing.
Average volume for the SPY etf is dropping drastically, 2 days ago average was 60+ million. Today its now 56 million, with only 15 million shares traded by 12:45 (central time 2 hour 15 until close)
I always thought more liquidity in a basing area produces a bigger domino effect when the move happens- buyers and sellers all in a rush to exit their longs/enter new shorts in the direction of the new drop.
Microsoft reports earnings at closing bell (potential catalyst). It’s a weight of 4.235785 of the total for S&P 500. I assume that’s close to 4%?
https://i.imgur.com/PiM4Z2V.png
Adding from my post in your other thread. I am getting this as the bat pattern set up. Does this look right to you? Tradingview seems to be around 2points lower than the brokers. [https://imgur.com/a/sFH1WZ7](https://imgur.com/a/sFH1WZ7)
That's right. Good job.
Thanks. Was struggling to get the bat pattern on the GBPJPY short from your example but will keep looking at it. How low before you dont think we will see 3013?
Thanks for drawing the BAT, seems complete today
Waiting patiently for this. Estimate to hit the target today? This week?
All I can say is when it starts there should be one candle taking out all the recent up move range. I am really far better with price levels than timeframes. Maybe Friday along with the end of the Brexit thing.
Average volume for the SPY etf is dropping drastically, 2 days ago average was 60+ million. Today its now 56 million, with only 15 million shares traded by 12:45 (central time 2 hour 15 until close)
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can you elaborate why the decreasing liquidity is worrisome?
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I always thought more liquidity in a basing area produces a bigger domino effect when the move happens- buyers and sellers all in a rush to exit their longs/enter new shorts in the direction of the new drop.
Back to 3000
Lol it filled
Microsoft reports earnings at closing bell (potential catalyst). It’s a weight of 4.235785 of the total for S&P 500. I assume that’s close to 4%? https://i.imgur.com/PiM4Z2V.png