XJO 0.88% 7,959.3 s&p/asx 200

1000 uses for a dead spi bear wednesday, page-61

  1. 9,485 Posts.
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    Hi all , If u view a 4 hr bar chart of spi it is mirroring last weeks bar/bars on Wednesday .

    Remember Wed is often a top or a bottom but .

    Implied only pattern then becomes the spi lows hold into 2 pm .
    Max spike after 2 pm is 6284/5 and a major pull back into tonights action with yanks .

    So moral of the story is if it goes over 6284/5 then it becomes good for longs but if it takes out spi low presently in place after 2 pm it is a direct copy of last Wed into Thursday night .

    Please note 4 wrong trades from me in a row so don't listen to me .lol

    Note mirror patterns work until they fail and most fail .
    ge
 
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