hi Smash, one question, just me learning from you. You always say bearish below DT1, bullish above UT1, so what about the pivot? I would have thought that bearish below the pivot and bullish above it. Or do you consider the area between UT1 and DT1 a chop area. Thanks a lot for your time!
Value building above the Smashlevel increases the probability of reaching upside targets, while value building below the Smashlevel increases the probability of reaching downside targets.
If value is building above the Smashlevel, the first objective is UT1, which then needs to be reclaimed/accepted for potential bullish continuation etc.
Thank you!
Smashelito level was given
Thank you Smash. Excellent plan as always!
Thanks a ton Smash!!
Hi smash quick question for your pw low do you count back 7 days or go on the weekly timeframe?
Weekly timeframe, last week's RTH low.
Hi smash, my charting says 7360 as the low are you making adjustments? I've seen you write 5% sometimes why do you write that
The RTH low was 7379.50. Your chart likely includes both RTH and extended trading hours. Friday’s after-hours session traded down into the 7360s.
If you are referring to the 5% correction level from the ATH, it’s a reference I’m always tracking during corrections in uptrends.
Thanks Smash! Always appreciated
hi Smash, one question, just me learning from you. You always say bearish below DT1, bullish above UT1, so what about the pivot? I would have thought that bearish below the pivot and bullish above it. Or do you consider the area between UT1 and DT1 a chop area. Thanks a lot for your time!
I see it this way:
Value building above the Smashlevel increases the probability of reaching upside targets, while value building below the Smashlevel increases the probability of reaching downside targets.
If value is building above the Smashlevel, the first objective is UT1, which then needs to be reclaimed/accepted for potential bullish continuation etc.
thanks!
hi smash are these still jun ES levels?
Yes
Thank you