Haliburton offering a nice earnings level fade

70 3 3
Haliburton releases earnings in 8 days. Three things that standout bearish to me: 1.) the correction after the advance from the low took over 3x the amount of time the impulse did, rendering it a wave B by default, 2.) RgMov failed to take out the late August pivot high, and 3.) price has rallied into a prior earnings/mode level. GL
Clear ABC up, then ABC down. Earnings resistance worked like a charm (again)
Good job
Not much more to add, other than a 1-3 atr SL and off you go.
+1 Reply
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