Obviously the best trade occurred at the accumulation zone near the 1.27 retracement, but there will probably be some nice opportunities ahead for decent scalps. momentum was building on the way down, as in any ab=cd setup. If we are able to gain 11.70 soon, momentum should push us to test the highs, and eventually make a new high. These are some projections that I see possibly happening, contingent on momentum. Keep an eye on smaller time frames to watch momo shift first.
评论
TradeVulture
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ABCD= massive accumulation pattern here. makes sense the more I think about it.
ZackRothschild
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Ok so help me understand because I don't get what happened here... Skipped right past all the s/r lines. Gapped up past everything and kept going? I don't even see the ft reactions by moving to lower tf. Thanks trade vulture!
TradeVulture
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Momo man. The entire ABCD pattern is an accumulation pattern, which was on the daily, so its setting up a huge move. Earnings today, provided the momo. Im sure a fib extension would tell us where the high was going to be put in, roughly.
TradeVulture
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This crazy ass fib extension on crazy momo.
TradeVulture
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Massive accumulation pattern. The momo is just incredible.