Looking for the triangle to squeeze down and for price to break lower and tag the 4400 region which is a target area for wyckoff style springs. Short intraday bias.
This is an accumulation area but it needs to test lower prices and fail before the bears can be convinced to give up.
This is an accumulation area but it needs to test lower prices and fail before the bears can be convinced to give up.
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Looking for short in red box
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Narrowing in on shorting region
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Maybe right shoulder on tag of open area
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It's just acting strange. Came to level but too much momentum up.
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It's just a flat range around the open. Watching for the red box.
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Looking like it might be working on making a spring, would consider shorting on a tag of the open instead of tag on the day high.
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1.618 extension of initial retrace comes exactly to open so will accept a tag there as an entry zone short.
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