On each intraday post, I try to highlight a key trade set-up or structural point that occurred during the day. Today, I wanted to highlight the Two Flags – one bull and one bear – as well as the Two Cradle Trades that set-up during the day. Let’s see them in action! The day began…
Today’s DIA action featured a lengthy positive momentum divergence heading into the morning’s open which wound up being a valid pattern that gave ample warning of its developing structure. Let’s view it both on the 15 and 5 minute intraday charts. DIA 15-min: A quick take at the structure shows a “Three Push” pattern completed…
Tuesday was an extremely fluid or rhythmically flowing day in the US Equity Indexes. Let’s view this price action through the DIA including a gap-fade with two bear-flags (Dow Jones ETF) and see what trade set-ups and structure we observed during the trading day. DIA 5-min Chart: The morning began with a large-scale gap (though…