Traders Laboratory - View Single Post - Classic topping pattern on ES
Thread: Classic topping pattern on ES
View Single Post
  #12 (permalink)  
Old 05-16-2007, 06:05 AM
notouch's Avatar
notouch notouch is offline
notouch has no status.

 
Join Date: Jan 2007
Posts: 528
Thanks: 0
Thanked 3 Times in 3 Posts
This member is the original thread starter. Re: Classic topping pattern on ES
It's not necessary to look for a "strict" shooting star. That's just nit-picking. In any case, the one that really matters is the cash SP500 which is a strict shooting star. The 0930-1615 ES chart also finished down on the day. What really matters is what price action is telling us, i.e. a lot of new longs entered the market and drove the price up but strong selling drove the price down again.

Reply With Quote