Very early to tell just yet, but WHAT IF this is an ascending triangle in the making? It would cause MAX pain to shorts and longs with $1K spreads in the fractal patterns.
Note: Not investment or trading advice. Entertainment ONLY!
Note: Not investment or trading advice. Entertainment ONLY!
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Looking more like a symmetrical triangle now.
Still watching here on this BIG pullback.
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Updated path progress.
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Possible fail at .382 retrace if Bears get hungry and start raiding the campsite trash cans. s3.amazonaws.com/tra...shots/s/SB2Fu1gZ.png
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Meant to update this earlier on the possibility of a fakeout here. Heat of the moment garnered my attention elsewhere. Needless to say, we invalidated the wave structure and headed down at this pivotal point. My trades are closed and it looks like we're waiting for the next setup and structure to chart. Cheers. www.tradingview.com/...5-b0d2-ae95a57d5764/
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See my chat post above:
Trade fechado: stop atingido