The idea is that the bearish bat would be completed, and we would mark down to the take profits which are marked.
Deliveries would cause the gap up.
if there is no gap up then we have a potential gartley already completed.
Deliveries would cause the gap up.
if there is no gap up then we have a potential gartley already completed.
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Soooo..... lower now right?
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Still expecting to come down to lower targets.
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Today was a great day. Tesla HODLERS getting their pockets rinsed.
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Ill stop gloating and put something useful here now.
First stop the 618.
First stop the 618.
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This garbage is going to 50 or less.
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Okay so in reality, there were 3 peaks of distribution here, i would expect to go a lot lower because of this.
130 is a minimum for me to start looking for a bottom.
I would love to see it at 50, but theres going to be bounces even if it gets there, and they could look like quite convincing bounces.
Anyway, yeah, 3 lower peaks.
130 is a minimum for me to start looking for a bottom.
I would love to see it at 50, but theres going to be bounces even if it gets there, and they could look like quite convincing bounces.
Anyway, yeah, 3 lower peaks.
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If I zoom out, the potential for a very deep correction becomes a real possibility here.
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180 support has been broken. there is no "technical" level where market participants may be piling orders till 100 ish IMO.