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  #458 (permalink)

Zurich Switzerland
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
Posts: 404 since Sep 2009
Thanks: 64 given, 513 received

dakine View Post
@terratec Curious as to why a pb to 3550 is text book? So far we did that and bounced.

Many things are possible. This was one scenario.

Yesterday we had a big move up.
So a PB is what is expected.
3550 was a S/R zone in history, so the market could remember this. (look at the left side on the chart)
And when the market has more a short term memory, then this would be 3510.

This is simplified and the levels are not lines but zones.

Hope this helps.

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