Measured Moves for Pullback and Trend Resumption

2016年12月2日

Here are the support levels (measured moves) I'm looking at for the pullback (and sideways trading). They would also be the measured moves if/when price moves back up. They are the same measures I found on the 60 minute chart.

I sold my long position during the 3rd bear bar, once it moved down into the second tier (measured move) from the top.

2016年12月6日

交易進行

(12-6) We have gotten the new high (see Related Idea below) and shall see how far it goes. Have been day trading this for the last 4 days and today was a fantastic bull rally. Will continue day trading because it could start going sideways & down at any time. Look to Measured moves on chart above, and 50% of a move, as a guide for PBs, consolidations and a reversal.