Feedback :
Although I was stopped out here at $996 as I moved it up slightly, so
again I'm out looking for another entry
Analysis :
So potentially we have a case for an "Expanding Diag" so with that
being said usually what comes off of it is "Very sharp and impulsive
usually extended for the 3rd wave. So I have a higher target above the "Sell Algo"
around those extension targets could be higher depending on the market.
Resistances : So ahead and what we need to break is the "Yellow Golden Rectangle"
which has been holding very well for resistance, secondly we have the "0.5-0.618" as resistance .
Weaknesses : The diagonal pattern usually has considerably "Low Volume" as it
continues which we didn't have throughout the pattern.
Rentry target : "White Micro 2nd wave at (0.50-0.618)
Invalidation : $973 or Going Under "Wave 2 structure"
Although I was stopped out here at $996 as I moved it up slightly, so
again I'm out looking for another entry
Analysis :
So potentially we have a case for an "Expanding Diag" so with that
being said usually what comes off of it is "Very sharp and impulsive
usually extended for the 3rd wave. So I have a higher target above the "Sell Algo"
around those extension targets could be higher depending on the market.
Resistances : So ahead and what we need to break is the "Yellow Golden Rectangle"
which has been holding very well for resistance, secondly we have the "0.5-0.618" as resistance .
Weaknesses : The diagonal pattern usually has considerably "Low Volume" as it
continues which we didn't have throughout the pattern.
Rentry target : "White Micro 2nd wave at (0.50-0.618)
Invalidation : $973 or Going Under "Wave 2 structure"
Comment:
DO NOT WANNA RETEST LOWS!!!