daytrading august 22 pre-market, page-30

michelef, thanks for the appreciation and that extends as well to the other four thank yous, so tickled atm lol

Timbo, two days ago BUL popped out of a bullish Symmetrical triangle, but caution should also be observed for the ST, appears a chance of some negative divergence could be on the cards

ICG .. intraday and day chart below, shows for the ST a spanner amongst the works on the intraday, the daily is imo caught in two minds, big resistance to the left, ugly ugly close of yesterday.. Some good little examples of what to look for after one observes big volumes to the upside, note the general 'testing' within the spread of those bars before moving higher, but as well dont ever forget the fact that these build ups are in preparation for the sell offs.

As yesterday with MNC, Tuesdays bar finished WELL off the highs on extreme volume, the previous pump up days occurred 05Jul, 31Jul, 12Aug and lastly 19Aug... All these days eventually got 'tested' within their spreads bar the 19Aug.. The 20Aug (Tuesday) gapped and closed middle, whilst all these other bars mostly closed on their highs, bar the very first one way back 05Jul...It was being built into, the warnings signs were presented ..


dyor