Thursday, 15 July 2010

Russell Index – 15min Chart


Hi Everybody,

AS we have seen, it was a hard day on the standard setups yesterday, but there were hints that the larger degree (15min) trend had turned down. If we look at the TF 15min Chart, we can see that a Wave 5 high had come in, so the Advanced Traders among you should have been on the lookout for short trades.

So let’s move down to the 3min Chart, to see what unfolded.

Thanks, Steve