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holeyprofit
Jan 30, 2023 1:11 AM

If FAANG makes a new low uptrend has failed. Short

FAANGFXCM

Description

As per the classic rules of a trend holding 76 retracements, if FAANG were to break again we'd have a failure of the FANNG uptrend. FANNG would have crossed the level where a correction becomes a reversal.

Very critical level.

Low could be in, from a more optimistic stance. 76s are common levels for lows. However, I think we probably should have made a low and been higher on the first drop to 76. This has more of a bull trap feel to it at the moment.
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