Thursday, February 6, 2014

Fwd: DTZ levels and cross/ re-cross u-formations at open


Eg. Today on ES

Clarification -

Between 9:20 - 10:05am
- Is this an Inverse or regular U-Formation break down ?
- Is a DTZ level touch at 1727.50 considered a cross / re-cross (1) with retest (2) ?
- do candles need to close across the level to validate cross / recross or just price moving back and forth ?
- is A and B cross recross of opening price line which is better validation ?

Thanks much ;)
Ron





Is this a U-FORMATION BREAK-DOWN ?

  

or

Is this a U-FORMATION BREAK-UP ?



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