2020 bottom is trickier than 2015 and 2016. This market is being so tightly controlled, especially at the end of the day. The patterns are there, but the momentum just completely dies. So trading off candles and patterns has been no use. I don't have any models that are working. Everything is balanced 50-50, in terms of normal signals. Up is down. Down is up. Not sure how they are doing this.
DaddySawbucks
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Yep i was just lookin at this induced me to short at 2630; ty for post; GL!
JakubKonieczny
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@DaddySawbucks, I was waiting to do the same but closer to 2800
DaddySawbucks
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@JakubKonieczny, IDK if we get there, time frame for the rally runs out soon, ~ 2 weeks calendar time to rollover for double bottom. Looked at hedging with daily calls but stupid prices, 3 bucks for a 4-day contract $5 otm, lol.
TimeWaveTrading
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no. The trend depth was not the same. The daily chart in 2015 should look like the monthly chart in 2020. Based on the 2015 daily chart, the current status is the third day that fell from the top. The first floor is a short period that has not yet been made.