ES 10/12/12

1424 = 50 pct of swing from prev balance low – key area

Double distribution with division at 1444.25 – Price converged on Long and Short term Value and held above 1424/28 – (key Low Volume Area and High Volume Node)

30 day Renko chart – shows how weak the double top really was

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s