RUT - Turn At Extremes On A DimeUnderstanding where extremes in markets luring, can be very helpful.
Most of my trades are with options for credit
See where the green circle is - it's where the lower extreme sitting to shoot up price again like a cannon.
The opposite is at the CL (Centerline), where the red circle is. This is where the energy is running out.
Now we will see price back to the red CL. Again, a equilibrium in a smaller universe.
Observe to learn!
...her's a very basic A/R course:
mytradingcoach.teachable.com
Russel
TNA abcd in speA quick chart for TNA...abcd could be in the cards.
Has retraced a 61.8 and bouncing.
I'm early in on 1st long position
Safe trading Ladies & Gents
BM
After posting chart: ( The fib should have been at the exactly top - then a perfect spot on 61.8 retrace could be seen)
Les Miserables Russel... The EW Confrontation!Russel done making it's correction with a EW triple combination.
Finding support at the middle of trend channel.
More important...Closing within bollinger band.... I see a move up here.
Safe trading Ladies and Gents!
BM
Music at work:
open.spotify.com
www.youtube.com
Double zig zag done? Looks like a double zigzag is in the cards ... but could go lower for the 1,168 fib for completion. A capitulation flush and then a strong bounce up. But i'm hesitating to go in for more than a scalp here. Monday could be the day of good timing after a friday sell off before close.
Time will show
Safe trading here ladies and gents!
BM
