Ford went right for my target, rather than playing out the wedge I had expected.
Now it has printed a Dragonfly on the 1D, and I expect it to reverse.
It narrowly missed the 75 and nudged past the 1.618 on log scale (not linear), hitting the wave 3 target I had expected in a previous idea (but I had expected this to take longer, and to form a wedge; but no wedge, just collapse).
BUT one more dip on Monday to complete the minuette wave 3 is likely. It could be complete here. But I expect a slight dip and then rise into resistance. Probably intraday.
The last dip here could fill the gap below. But I think that gets filled on the next wave down.
There’s a lot of resistance to fight through to reach that 50%. It might not get there.
The red resistance band will be tough.
I’ll short it if it gets to the 50%. Hold approaching earnings and cut before. Probably.
Stop: 13.61.
If it doesn’t stop there, I expect it quick ascension to fill overhead gaps.
Shorting the 50 is pretty great r/r. Tight stop.
If it just melts down from here?
I guess I’ll wait and long the 2 and then short the 3.
I don’t think it melts down from here. It needs a relief wave first.
___________________________________________________________________
Oh yeah, not meant as advice in any way for anyone.
I just intend to track my personal decisions over time.
Now it has printed a Dragonfly on the 1D, and I expect it to reverse.
It narrowly missed the 75 and nudged past the 1.618 on log scale (not linear), hitting the wave 3 target I had expected in a previous idea (but I had expected this to take longer, and to form a wedge; but no wedge, just collapse).
BUT one more dip on Monday to complete the minuette wave 3 is likely. It could be complete here. But I expect a slight dip and then rise into resistance. Probably intraday.
The last dip here could fill the gap below. But I think that gets filled on the next wave down.
There’s a lot of resistance to fight through to reach that 50%. It might not get there.
The red resistance band will be tough.
I’ll short it if it gets to the 50%. Hold approaching earnings and cut before. Probably.
Stop: 13.61.
If it doesn’t stop there, I expect it quick ascension to fill overhead gaps.
Shorting the 50 is pretty great r/r. Tight stop.
If it just melts down from here?
I guess I’ll wait and long the 2 and then short the 3.
I don’t think it melts down from here. It needs a relief wave first.
___________________________________________________________________
Oh yeah, not meant as advice in any way for anyone.
I just intend to track my personal decisions over time.
Comment:
Dip comes today probably. Holding off for a new low or double bottom
Comment:
Broke descending triangle, going for gap fill right away.
11.40
11.40
Comment:
There's the gap fill.
I think there are better ideas for a long from here, if one were so inclined.
I wanted the short but we we were denied the clean entry.
Not shorting here. I bet it bounces.
But markets would really have to pump to fight up to the overhead gap.
I think there are better ideas for a long from here, if one were so inclined.
I wanted the short but we we were denied the clean entry.
Not shorting here. I bet it bounces.
But markets would really have to pump to fight up to the overhead gap.
Comment:
technically not filled yet. Ranging here will do it.