Better detail updating my short squeeze idea. The wicks of candles over past four sessions form an arrowhead triangle.
Usually these lead to BO in trend continuation (Wave A correction) but Wave B hasn't yet broken .38 Fibo.
While certainly possible, these retraces most often yield at least .50 and usually .618 Fibos. BO down from here would be total failure.
If we get a really weak Wave B at 038 Fibo, and the downtrend continues from here, will reach panic-level selling soon.
I'm still leaning towards BO up to retest channel top, this is the natural Elliott wave cycle progression to establish to price trendline.
Let's see what happens- Good luck.
Usually these lead to BO in trend continuation (Wave A correction) but Wave B hasn't yet broken .38 Fibo.
While certainly possible, these retraces most often yield at least .50 and usually .618 Fibos. BO down from here would be total failure.
If we get a really weak Wave B at 038 Fibo, and the downtrend continues from here, will reach panic-level selling soon.
I'm still leaning towards BO up to retest channel top, this is the natural Elliott wave cycle progression to establish to price trendline.
Let's see what happens- Good luck.
交易手动结束
Stop lossed my calls on a rally this dog is not gonna hunt folks. Sorry for the bad call it's going south fast. See new idea on bull pennant converging symmetric triangle.Been buying puts all day. Good luck.
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。