biggdaddy's wow wednesday, page-13

2 DJIA charts

First up is one that has 2day bars, and it’s plainly obvious to all, that’s a mean looking top reversal, locked in all buyers of the recent breakout move above the trading range

Next is a longer term chart with its live bar still having 4more trading days to close, and after a kind of nice SOS busting out of the Trading range, we can see that with another 4days to complete this current bar its certainly NOT going to be a successful backtest, too much volume to begin with and too wide a spread, let’s see where we finish up

Also those blue horizontal trend lines are from S/R levels of a redistribution phase back in 2008