When the 15 min charts turn very quickly, there's a strong underlying move underway as these don't usually turn fast in a day. The DIA is showing evidence of that starting, although as mentioned it's been in the danger zone for a while.
Ideally the DIA would chop around a bit, maybe above the triangle in which it broke out from today while the 15 min chart falls fast. It is leading negative in the general position, there have been no higher highs today as it has a flat top and now it's starting to move down quickly.
No comments:
Post a Comment