649bruno
Short

"Structure Setup" & Don's Trade-Map, ISIL, Part 3 Of 5

NASDAQ:ISIL   INTERSIL CORP
8 0 4
I present the next items as implementation of the TRADE-MAP approach. Here are "Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING relative to structure to the left. 2. Prices are trading BELOW the cloud. 3. Prices are trading BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving LOWER. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud and this is HEADING DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is heading lower.. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this is WEAK. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, around $13.02, by the large red arrow. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are CLOSED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a (soon to be) FEEDING alligator, and the alligator will feed in a down-trend ONCE THEY OPEN" (no sharp break in trend right now as the alligator is sleeping). This is a negative indication and suggests lower prices. The next chart is for one hour, and the things explained here become more visible, including the alligator waking up and feeding in a down trend.. Please move on to part 4. May all of your trades go well. Don.
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