Friday, September 5, 2008

Market Structure and Divergence



Using a market structure technique helps to make sence of a turbulent intraday market. The higher highs or lower lows help to determine market bias. Good place to enter is when market corrects just past the 38 EMA on the above 620 tick chart.




Within 10 minutes of the European markets close, the market jumped following a Price / $TICK divergence.
Charles

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