Crazy Dax after a failed breakout of the megaphone pattern which I mentioned in my previous idea it basically reversed hard and broke to the downside of the megaphone pattern and it the target pretty much where I'd have expected it too ...
It seems to have setup a nice daily bull flag which today it closed outside of, the target for the bull flag is around the 12978 area which happens to fall next too the 61.8% fib retracement also it fills a gap which it left behind on it's last pull back ...
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failed to get above the previous megaphone bottom so far it may well tank from here now !!!