Morning update 3/23/18 LOOK at that timing of calling the tops and bottoms!

Hello everyone,

I hope everyone has been safe out there. In my last update I pointed out that we were possibly due for a reversal as we were trading on that 9 candle to the upside on a 6 hour chart. If you were on alert, you would have not been too far off from calling the top!!

(I am using a TD sequential indicator which simply put, shows how many candles have been trending in a direction, and puts a count on the candle, usually a 9th candle signifies profits can be taken/reversal potential is strong and if you see a 9 with non numbered candles the count continues where 13 would be a very very strong indication of a reversal)

This is what i'm talking about, the power of the time indicators these days seem to stand out a lot more then before. While everyone was confused with Elliott wave counts with the last structure, if you just played the tops and bottoms and had more of a swing mind set, I believe you would have faired much better.

Couple things to point out here. We are again on a 9 to the downside, bouncing from a low off the .236 fib (fib from the 11,600 mark down to the 7,250 mark) and now fighting to push past the resistance bar (orange) of roughly 8,600. You can see that I have a light blue area marked no trade zone as trading within these zones is known to be a 50/50 toss up area as far as taking trades, and trades IMO should be taken with low leverage and with more caution then normal.

I expect a reversal here and 3-4 candles of consolidation with the possibility to start the move up to test the 9200 mark again, and if that is breached we will move up to test the 9800/10k mark. Keep an eye on the top green bar which is also where the .618 is (same fib from 11600 to 7250) and you could expect a bounce if we reach those lvls.

KEEP AN EYE ON THOSE 8s AND 9s on the 6 hour, they are proving to be very useful for the time being. SAFE TRADING everyone. For those of you that have upvoted, I would like to send my thanks. Obviously I am new to blogging and don't have many followers etc. but I appreciate the support and if you could share the link I would love to grow and have a place in this community as a chartist and analyst and any comments and suggestions are welcome. Thank you

Disclamer:

I am not a financial advisor nor is this financial advice. These are my theories and my opinion and are only for informational and entertainment purposes. What you do with your trades and your money is your responsibility.