After a late start I realized we were in for an interesting day. The late start cost me a few early moves.
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Below we see the morning started out with a bear flag squeeze. Bear flags usually indicate more downside to come. And that's what happened.
On the 15,000 tick we were "tipped-off" to more downside by the LML in the FRO. Ain't it neat?
We're still down below previous support on the 240 minute above.
The 10,000 above and the 20 minute below illustrate the need for multiple views in order to see surprise events like the sharp bounce in the afternoon session.
~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~
Below we see the morning started out with a bear flag squeeze. Bear flags usually indicate more downside to come. And that's what happened.
On the 15,000 tick we were "tipped-off" to more downside by the LML in the FRO. Ain't it neat?
We're still down below previous support on the 240 minute above.
The 10,000 above and the 20 minute below illustrate the need for multiple views in order to see surprise events like the sharp bounce in the afternoon session.
WARNING: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you.
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