Monday, 14 December 2009

Larger degree trend first


Hi Everybody,

As usual, let’s start with the later degree trend by looking at the 15min NQ Chart.

As we can see, the 15min NQ found resistance at the DP (which nailed the high of the day) and a decline then followed. This set the trend to down.

Now let’s look at the shorter term 3 and 5min charts to see what setups there were

Thanks

Steve