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DaddySawbucks
Jun 23, 2020 3:33 PM

SPX Triple top formed yet Another Nenstar / Cyper: Top at R =1:1 Short

S&P 500 IndexTVC

Description

Just another distracting pattern, can't help noticing these. Eventually by chance one will be confirmed, LOL!

Enjoy and remember this is not trading advice, just another pretty picture, GLTA!

Comment

Shorted the monster based not on the pretty picture, but R at triple top, divergence in RUT.

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Pushback from R; watch the close!

Comment

She sells!

Comment

Pushed back to the Fibo line EOD and sells off AH

Comment

Well well the Nenstar paid off! Harmonic trading.... bah! Hope anyone made out on this, I took some bank.

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Shorted this again at 3080, with NQ 10K+; look for an inverted H&S to go long IMO

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Successfully played Fade the Gap but it wasn't much of a Fade, LOL; moar bulling Tues IMO

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In macro view, it's formed a cypher around this nenstar, at or near the top of the right arm of 'W'; rollover imminent IMO; shorting here.
Comments
dRends35
Great modesty but I think as you alluded that these patterns are largely subjective. Price can also easily break through resistance. Its a flip of a coin from this perspective - perhaps.
farmerisland
@DaddySawbucks come on, I mean, surely... Surely the sharks will eventually eat this ripe market... Right? Either that or they'll get cut up for fish food.
DaddySawbucks
@farmerisland, Yea, sharks, bah! Fish food mostly.
mohacg
LOL everything going up and he said that will go down LOOOL ! no sens
DaddySawbucks
@mohacg, IMO you should mortgage your house and farm, sell your cars and borrow money from credit cards to buy FAANGs at new ATH! GL!
liberatedstocktrader
HAH "Eventually by chance one will be confirmed" I love it LOL
DaddySawbucks
@liberatedstocktrader, Yes, the Force is not strong in these patterns, Harmonic trading is both frustrating AND expensive, LOL!
liberatedstocktrader
@DaddySawbucks, I still follow you anyway :)
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