Monday, December 22, 2014

How Weekly CP DZ win Daily reversal SZ

Notes

1. Weekly CP DZ in control. . A strong fresh and original with good base and good departure

>> remember weekly still up because no demand zone has been taken out (bullish consolidation )

2. Monthly also up (bullish consolidation)

3. Monthly reacting bullish on a flip zone

4. Clean and strong arrival to weekly zone  ( hence odds enhancer that weekly DZ will rebound high)

5. Confirmed by strong bullish engulfing after reacting to weekly CP DZ  

6. Daily overextended  and rather compressed with a lot of wicks 

7. Weekly also overextended ending into a strong and fresh DZ. .hmm.. think of spring effect. .. rebound fast?

*** Listen to Hugh sharing  - " it's been one week and I been so bored only one trade.. I know I am breaking the rule but I just wanna short it when I am not allowed. . I have found a lot of reason to justify my wrongdoing (e.g. I found a confluence of weekly Ema 20 etc. .)

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