Thursday, July 22, 2010

proto 7/22



  • currently uptrend..no confirmed 2nd candle on breakdown therefore still up and black line can keep going higher.cannot make it solid yet
  • if had an engulf candle at 12:40 candle, it would have been a "continuation engulf" setup confirmed...but didnt' happen
  • most likely bullish setup tomorrow if we get a lower black, then a bullish move up...
  • most likely bearish setup is a candle close below 3:30 candle...but would not be bought because that would be the 1st wave, not 2nd...

No comments: