Thursday, July 24, 2014

Z Charts

The 1 minute is already in a leading negative divegrence, it hasn't moved to the 3 min chart yet, but there's no confirmation on the 5 min which is the first timeframe or earliest in which intraday institutional activity can be observed. In other words, however Z settles, this looks like a parabolic knee jerk reaction and both are very unstable events.
 Intraday the 1 min is leading negative, this just started several minutes ago.

The 5 min chart "could" have confirmed with a 3C higher high with price, it hasn't.

No comments: