I’m using Renko with $10 price blocks and Ichimoku
Clouds which act as dynamic support/resistance. Based on what I see, it’s a bloodbath, the S&P is getting hammered. Renko is unique in the fact that it’s solely price that is displayed price movement on the y axis creates the blocks higher and lower and can establish key support resistance areas. I could see a possible retraction this week so near term I’m neutral, yet bearish. /ESM20
Clouds which act as dynamic support/resistance. Based on what I see, it’s a bloodbath, the S&P is getting hammered. Renko is unique in the fact that it’s solely price that is displayed price movement on the y axis creates the blocks higher and lower and can establish key support resistance areas. I could see a possible retraction this week so near term I’m neutral, yet bearish. /ESM20