Hi Everybody,
As we have already see, the market decline all day yesterday, so did the 15min Charts help predict this ?
Well, I “normally” just look at charts using data from 9:30 – 16:15 EST, BUT on days when these give no helpful information, and we get such a big move overnight, that resulted in such a big gap up on the open, I always check the 24hr session charts as well.
As we can see, on the 24hr session YM 15min Chart, the high of the day came in right at DP resistance. This set the trend to down........... Then the YM continued to decline until it reached the lower main DP support zone, which nailed the low of the day !
It does amaze me how well the DP catches turns, even on days that were as wild as yesterday – this just shows what a powerful tool MTPredictor is !
Thanks, Steve
As we have already see, the market decline all day yesterday, so did the 15min Charts help predict this ?
Well, I “normally” just look at charts using data from 9:30 – 16:15 EST, BUT on days when these give no helpful information, and we get such a big move overnight, that resulted in such a big gap up on the open, I always check the 24hr session charts as well.
As we can see, on the 24hr session YM 15min Chart, the high of the day came in right at DP resistance. This set the trend to down........... Then the YM continued to decline until it reached the lower main DP support zone, which nailed the low of the day !
It does amaze me how well the DP catches turns, even on days that were as wild as yesterday – this just shows what a powerful tool MTPredictor is !
Thanks, Steve
