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JackRichards1987
Jun 19, 2022 5:06 PM

One more Bull Trap? 

US 100 IndexTVC

Description

Just playing with this idea. I know the narrative is that we can only go down from here, but I could see this last falling wedge play out to one last epic bull trap before a continued decline. I would love to hear anyone's thoughts on this. .

Comment

Playing out almost exactly.
Comments
debylguy
thanx for that thought. I hadn't notices those ever increasing wedges.. but it does seem to be going to plan.
debylguy
YES.. i like your ABCs.. I hadn't noticed them... my interpretation is concentrating on support and ceiling lines (which I can't post in this comment).. I'm also relying on using the MACD.
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