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South bound train has left station,when big eq. is broken however, unless you are a position or fund trader you may prefer to day trade. unfortunately most indictors are laging behind and does help at all
chart shows how to find entry and stop in the better and efficient way through eq
1) on 7/23 yesterday high was 12143,low was 12066 BP was 12122, if market rebound strongly it needs to penetrate the eq 12066--12122--12178
2) when market began today, high was 12123 and low was 12107, after 3 hours we notice there is a small eq await to expand
3) we can foresee there will be a upward eq to be formed 12107--12122--12137 if previous 12122 broken
4) 4 hours past price did go up to 12137 at this time but held, we won't know the real direction however we do know 12107--12122--12137 is a legend equilibrium
5) few hours later market broke 12107 we can assume market will continue to mover lower because eq expanded downward provided 12143 (yesterday high) 12137(high eq tip) 12122 (bp) as resistances
6) as result sell order can enter between 12106 ---12114 with stop above 12137 or above 12143