DJI in Modest Correction

Gave up 1K pips and entered consolidation zone. Forms pennant on flagpole, probably only halfway down.

Can backtest higher before measured move; or complete a flagpole formation from this pennant.
Price action has been muted; small moves, no huge red days, yet...

Trade at your own risk or just stay out and watch the damned thing. Churning moneypit IMO; GLTA!

Comment:

Wow, looks like another COVID-style crash, again on bad news from China, this time another property crisis. DO NOT expect this gap to close today! Might just sink further.

Comment:

Gosh here we are wilil support hold? There's been no bounce... ouch!

Comment:

Looks like an impulsive downtrend. Brief failed rally Tues, back in the dumpster EOD

Trade active:

Well I been busy rolling and adding all day. Shoulda just bought calls, who knew?! MOMO expects JP to rescue the market, again... this will sell again soon IMO

Trade closed manually:

Stopped out. Bought the whole thing back and more. Sidelining.