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⋅ Just writing what I'm thinking so I don't forget.
Still think there will be a more significant retrace.
This latest run is the completion of a BAT
Also Zone @ D seems to be the completion of the shark pattern and a position of structural support.
Green lines represent 382 and 618 of the BAT setup C to D leg as anticipated profit taking locations
I am new to advanced patterns and am trying to apply this knowledge, If you see ways I am wrong don't hesitate to educate me :D
Oh also the massive weekly divergence on RSI makes me think we're gonna get some kind of good retracement.
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⋅ Also A Gartley comppletion @ 690 i didn't catch. This seems more likely than the shark being completed
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⋅ So as I've been watching this it looks corrective and like a bull flag.
I'm not going to trade this but I think when we hit the .382 and the buy pressure hits it will be another sharp move up = to the first big move
Ab=cd
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⋅ Hit the .382 first profit taking mark! lets see how she responds.
im not in this trade just watching