This is a clean scallop which at a minimum should regain a 65% of the overall heights the price action fell from given time. Targets are marked for take profit levels where pullbacks should take place. Green line marks safe buy in point.
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Posted this back on Halloween and wanted to remind everyone we are about to approach the best entry again as we prepare for the move up the side of the scallop/cup What I see is a possible 1490 maybe only 1767 before movement to complete the lower time frame scallop we are currently printing by curving up and ultimately up the side of the larger time frame scallop, but anything could happen
@chef_chraze, I would say once you get to 4975 I would be cautious as that will be a major profit taking level. Its all in what the scallop plays out as, whether it is descending or ascending will decide how much it goes beyond that point. If ascending we will see every level achieved on the chart, and maybe will see the same with a descending scallop on a wick.