The market may switch to a higher low - higher high market structure; however, this will not be confirmed until a higher low and then a higher high is actually formed.
I have tweaked the paint bars on the 380 tick chart a little. I now look for long trades (green) when the 8 bar pivot (yellow) is higher than the 20 period EMA (white) and the 20 period EMA is higher than the 38 EMA (blue). Vice Versa for short trades (red). Long trades are a higher probability when the market, using a 380 tick chart, is making higher highs and lows, and vice versa for short trades.
The Earnings Calendar for today.
Only the Crude Report at 1030 ET today.
Charles
No comments:
Post a Comment