It's been a long time waiting on this trade but soon SNX will be pulling back to the .886 which is confluent with what is some sorta huge Bullish Bat/Bullish Gartley Hybrid and a smaller Bullish Shark. It would be nice if we hit the PCZ then break the trendline of our Bullish Dragon.
We have room to go up 300% upon breaking the trendline of our Bullish Dragon.
First, looking at the bigger picture we have hit the AB=CD 1.0 @ 10571.25 and BC 1.272 projection @ 10597.39 creating a Potential Reverval Zone (PRZ) between the two ranges.
Zooming into the hourly, as you can see this PRZ remains the line in the sand with the bulls defending the volume PoC just above the 1.272 BC projection.
Furthermore, we have a Bearish...
