Hi Everybody.
OK, let’s start with the larger degree trend on the 15min NQ. As you can see, it appears to be still making higher highs and higher lows, which is by definition an uptrend.
But, we did get a DP sell around midday on Friday, so this could be early warning of a high coming in, so switched the uptrend to down for the short term 3 and 5min charts in the afternoon on Friday.
Thanks
Steve
OK, let’s start with the larger degree trend on the 15min NQ. As you can see, it appears to be still making higher highs and higher lows, which is by definition an uptrend.
But, we did get a DP sell around midday on Friday, so this could be early warning of a high coming in, so switched the uptrend to down for the short term 3 and 5min charts in the afternoon on Friday.
Thanks
Steve
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