The Mar `18 contract showed 6480 while the investing.com free chart shows 6449 as the low. I have been looking into live futures and it's a pain to see contracts that aren't continuous. Prices are a bit off as well. Doesn't matter in the bigger scheme of things but will take some getting used to.Price has exited the bottom of the hinge. Hasn't been much demand since the bounce from the apex. So far strength is missing. The 6480.75 was the low. We're heading that way now.
Hello gringo! I am also looking for a potential short here, what kind of setup do you look for or are you alrady short? I normally wait for the standard SLA break of dl * lower high on the daily do you look for the same setup¿?NQ at the top end of the trend channel. So far there hasn't been much weakness on the way up. We must also keep in mind the steep price drop close to 5800 and then a test and continuation. It very well could be the bottom but we have no way of knowing. Around here I am eyeing any potential weakness (even if it is temporary).
Since so few people are drawing these lines correctly, I suggest you focus on the book and on Wyckoff's course with regard to trends and trendlines rather than posts since one must have a proper understanding of trend in order to determine the line of least resistance, and if one can't determine the line of least resistance, then he pretty much has nowhere to go. At least in terms of trading price.I do have one area that continues to confuse me a bit. It is the area from January to February 2018 on the Daily. There have been plenty of charts posted here that don't change the TL to account for this rather large piercing of the Upper TC line. In fact it pierces it again, even higher, making it look like a total change in trend.
I could not find pictures of that area and the trend channel as it was happening, but rather find all the posts with the rather large piercings of the TC line and the TC line down under it, after the fact. How would I know at the time this was happening that this was an unusual move outside the trend? Would I not know and just readjust the line at a later date??
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