We have broken the reversal box downwards. Do you still think the Crab applies? Curious if point D is now at 8.66
alcsoft79
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@Klouse653, if it break the stoploss, the shape is no longer valid. however Harmonic has the tendency to break the stoploss. This is why I am playing it tho: The massive short interest + the MAX-PAIN.. The MAX pain is at $20 for DEC 17, there are 230K contracts will expire worthless if the price stay at 20. maximum-pain.com/options/sklz . Taking also into consideration that the market down because the shooting star on SPX tradingview.com/chart/SPX/wbhcEtv7-Shooting-star/. It is zero or Hero for me now. This is not a financial advice and it is for my Entercitement and educational only.
Klouse653
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@alcsoft79, I see that now, Thanks. Wowza on the contracts outstanding for Dev 17th. The weird part is Max Pain is around 10.5 for every other maturity date, just not nearly as many contracts written for those other dates. Going to keep a close eye on this one!