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- 2 August 2016
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is that BoS; Break of Structure?
Yep, that's Break of Structure.
clues on the 1, 3, 5 mn charts
He is right - Wyckoff.
is that BoS; Break of Structure?
clues on the 1, 3, 5 mn charts
It is looking like it could be setting itself up for a another rejection of this area. Similar to what you have Marked on the chart if we see a push up to the 28,000 and a rejection then I'll be looking lower.
@Cam019 price ended up pushing just up through your levels to the upper boundary of this possible larger accumulation. It's looking like price is going open around the 27900 area. I have that box marked on the chart as a possible turning point, if we head up there but not too sure. What are you eyeing off today?
View attachment 133832
This was bit of a speculation type trade after watching some of the content you posted about over the weekend. Maybe there is something in this… Probably not the best idea to take a short above some old support but like I said a bit of a speculative trade. Target is a green line just below todays low, ideally I would have two lots on and take half profits there (if it gets there) because I think it could have a bit more in it than that. Also it probably would have been better to take profits once the opening gap got filled, I've noticed that you often get a reversal at those areas
View attachment 133836
at about 2.05?bit of a telltale at 28210
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