Reference my linked idea for the long setup here. Both H&S have passed their necklines and are on target for completion at gap fill. All TLs and indicators seem to suggest market euphoria will rocket this thing up to retest the green TL.
Take a look at the bearish bat setup though... Watch for reversal at the TL as the .886 retracement lines up perfectly with it. The .382 AD retrace PT also lines up with a retest of the TL it just broke out of.
Long (until sometime Tuesday) for now.
Take a look at the bearish bat setup though... Watch for reversal at the TL as the .886 retracement lines up perfectly with it. The .382 AD retrace PT also lines up with a retest of the TL it just broke out of.
Long (until sometime Tuesday) for now.
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Just closed all longs, that took a lot less time than I thought...
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Didn't quite clip the bearish bat PRZ, but that's a pretty definitive reversal especially given the overall market failed brekaout this morning. Still looking at PT1 here to tae profit and maybe reshort once it bounces off the TL.
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PT1 actually coincides w PRZ of a possible bullish butterfly. This one's prolly headed to retest that TL it just broke out of on Friday.
