3 DRIVE PATTERN math precisely intersects top trend / linear regression which is key. Resistance @ 417-419. Liquidity @ 426.
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So we've been consolidating between identified levels 417.15 and 403.55. We finished the week with a "W" on the 1hr. It could be what we're' looking for to hit 426 target .. we just need to break 417.15 R1 Monthly.
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Consolidation break out April 17.
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May not April ! .. more coffee please
Order cancelled
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PREDICTION VOID .. 417 support busted.. debt ceiling unresolved.
@Luck264,Right ..the selling pressure was directly linked to the debt ceiling drama…huge selloff incoming if they default on its debt.
One thing is for sure .. SPY started nose diving precisely on the day that fuken puppet took his 2nd term. There’s been no market enthusiasm ever since and whole lot of uncertainty.
Luck264
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@mcmarc2000 no huge selloff. No one selling. 410 is huge demand zone
@mcmarc2000 could be huge selloff regardless if they keep friction going into Xdate, which they will
Luck264
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Perfect setup. If it breakout then 428 will act as support otherwise resistance. Heads or tails of the coin
mcmarc2000
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@Luck264 Thanks .. sounds good to me, yep kinda of a dice roll. It’s possible we have a parabolic pattern formation here .. in which case it generally needs 4 base levels before a correction .. the curve plus 3 drive pattern would be affirm some confluence for a downward correction to 23,38, 50% fib. I’ll try to assess the curve when I catch some time … cheers
true_Punisher
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Our group will buy HD and TSLA at the open. These 2 need to correct high on Spring Summer. Demand is huge for hardware item in these season and tesla car. HD back to 400. TSLA back to 400
Erictaylor
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I see this also but just wondering if momentum running thin. We keep tryin to hit 417 again but can’t seem to get it
mcmarc2000
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Im just about to call it a bust .... R1 417.15 was my key level to get long and it got rejected hard.