The 3 and 5 min charts haven't moved much yet, but they shouldn't until these shorter term charts continue to improve and migrate to the longer timeframes.
Monday, September 24, 2012
MCP Intraday improvement
To get the 3, 5 and 15 minute charts moving on MCP, first the 1 and 2 minute charts need to show improvement on today's move lower. That improvement is now starting to show as MCP's rate of decline tapers off.
The 1 min-note the head fake at the end of day Friday, but improvement today.
The 2 min chart really shows how the head fake move is used to sell/short in to and trap longs, improvement on this chart as well.
The 3 and 5 min charts haven't moved much yet, but they shouldn't until these shorter term charts continue to improve and migrate to the longer timeframes.
The 3 and 5 min charts haven't moved much yet, but they shouldn't until these shorter term charts continue to improve and migrate to the longer timeframes.
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