Revised analysis for Bulls using Modified Schiff

Revised location of blue zone support for Bulls using a modified Schiff

Trade ist aktiv:

Just hit blue zone. Now monitor reaction. If Bulls can hold support, then look for breach & close > red upper parallel. Trade setup invalid if price does not find support > 221

Trade ist aktiv:

Blue zone support holding for now. Monitoring breach > red Median Line Parallel

Kommentar:

Blue zone support held. Looking for new highs while upper parallel holds as support

Kommentar:

Note support in blue zone at the upper parallel held & buyers have stepped in above the upper parallel since. Overlapping price action though, so support on or above the median line parallel is important.

Trade geschlossen: Stop wurde erreicht:

Stopped out at 334. Deeper correction unfolding.

Kommentar:

Potential complex correction (eg triangle)