Daily C wave and Lines
Posted: Wed Nov 05, 2008 7:50 am
We have a Daily C wave up (for example), when the Daily bar closes inside the ENV we expect a minimum target of the Daily Dot or EB depending what
happens at the Dot. But, to consider this scenario valid, must we have the Daily bar close inside the E or is it enough to have a 60 minute bar close
within the Daily Env.? I guess I know what your reply will be. The daily bar must close within the Env to make that scenario valid in that time frame and
we watch the LTP to get an idea of whether the DET SU will/is breaking.
Comments? Corrections?
C.G.
happens at the Dot. But, to consider this scenario valid, must we have the Daily bar close inside the E or is it enough to have a 60 minute bar close
within the Daily Env.? I guess I know what your reply will be. The daily bar must close within the Env to make that scenario valid in that time frame and
we watch the LTP to get an idea of whether the DET SU will/is breaking.
Comments? Corrections?
C.G.