Candle Pattern


ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
the high and low of that dominate candle (see previous page) has acted as s/r
Originally posted by redsixspeed

I cal. longer term fib areas using four different sets of #s.
Those #s gave the following 50% fib retrace #s:

1126.25 / 1125.25 / 1121.37 / 1119.00

1119.00 is the boss imo.


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Back where we started from 1119.00
This sure seems like a good area for a minor swing top today red...interesting how they so often test these breakout points
They don't want to give up this area yet. We have a bullish
seperating line @ the 8:30am est candle / 5min. {3/4/10}
we have a bullish seperating line 15min. 1139.00/1138.00 needs to hold
volume very low...we'll see....... 3/8/10
See The Chart Clearly...must turn volume to max:



We have a bullish seperating line @ the 40.00 area @ the 40.50 area we have a wall...lol...above that we have a camarilla r2...idk much about that pivot, but it seems to be holding things in place for now

8am est 3/10/10
as I type this I am reading post by traders short @ 1148.00
they said we are going down big. I am watching the mid point
of that 5am est high volume 5min candle. That area and 46.00
are key for me
we now have a bullish seperating line @ that area.

High prices on low volume...we'll see
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...