I SPY a Gap 2 Fill in Descending Triangle!
Simple idea. Triangle is ominous as these typically break thru the floor of wedge, although a rally is not out of realm of possibility, seems less likely every day.
Fourth trip to bottom of the wedge usually breaks the floor. There is that gap to fill, which might occur Tues; if not, 1/8 gaps never fill, so maybe not a good bet IMO.
Getting more bearish daily. Expect the megaphone to unroll soon. This is not advice; trade at your own risk. GLTA!
Fourth trip to bottom of the wedge usually breaks the floor. There is that gap to fill, which might occur Tues; if not, 1/8 gaps never fill, so maybe not a good bet IMO.
Getting more bearish daily. Expect the megaphone to unroll soon. This is not advice; trade at your own risk. GLTA!
Comment:
LOL; while tabbed out to publish this idea the T-yield flattened and we tanked deeper, yay!
Trade active:
How about that fill! Now it forms a pennant centered on the resistance line.
