For those that follow, updated 4 Hour TLX's. New Box, NAZ may break out and test the previous Box Bottom. Friday's 350 point run in the final 90 minutes and the expected Overnight Propping Sunday - Monday (pre Open), may add an additional 100-200 and put the NAZ near TLX 14700. We may be at 14800 - 900 after that. BTD's are ready to use their strategy and help with the push. I may update Monday with new post or use this one. I plan to just Go Long unless things change. If so, I will update.
Chart of Boxes
Chart of Boxes
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Prior Post/Call reference, 2-13-21. 13% drop with 100% retracement. Yellow is Post, White is retracement. Similar retracement happened in 10/21. The NAZ is still under the Grinders top post (7-2-21). Most likely we will see a bounce after the recent 2022 start decline. After the expected bounce, we can look Short for the Support test. Prior drops did have significant retracements. Need to let these play out.
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Current IDS with open settings
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Mid TLX, no trade zone.
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NAZ Propped 1st 100 to Top Box and rejected.
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KL's Upper 14667 / Mid 14235 / Lower 14070
14095 Top 1st 30M Friday, 14482 TLX to 14450, decent target for Longs.
14095 Top 1st 30M Friday, 14482 TLX to 14450, decent target for Longs.
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Diag TL, NAZ usually struggles with these. Lets see if it can pass and stay above.
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NAZ needed to get through Diag TL to target KL 14667
Trade closed manually:
Should continue to 14717
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Target Hit. May try for 14859.
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Anybody making money today with IDS/Post combo?
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Short developing under day high, Target tlx and then KL.
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Mid TLX failure is lower TLX test.
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Should drop under 800, is stop
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Picked up 30 on 1st short, reloaded.
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Stop hit
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Under 855 is short.
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adding short at 98
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stop 870, have 300 to play with.
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Adding 1 Short at 808
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Adding 3rd Short at 810
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Stops at 880
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Adding 4th Short at 812
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Will drop 3 at 780
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Mid TLX Trades, not good.
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Remember, NAZ can go 50 or so beyond entry tehn turn.
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High 825 -50 is 775.
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Dropped 3 for +90 or so.
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98 short drop for 60 or so, flat
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Try and trade for heart of move and get out.
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Looking like opposite of Friday, not good for BTD Longs. This may accelerate.
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They are trying a stop clean out. Now back up.
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Mid TLX and all are confused.
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Drop/Pop playing out.
