I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up.
I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long...
PLAN setting up very nicely for a bat pattern. Breaking over (B) now where I added more Nov calls from (C) entry. I entered long on the C due to a nice retrace level + a reversal pattern (doji) there on the C. Looking to take 1/2 off into (D) where I expect a possible .382 retrace to trendline, or a retrace to previous market structure at the .50 where I will add...
MARK looking like a possible bearish butterfly. Break over (B) confirms. Until then, I am looking to long on trend line (blue), add to winner on butterfly confirmation ( over (B)), with profit target the green 1.27 extension. The safe play is to wait till (D) completion, but who needs safe.
Textbook bearish butterfly accompanied with previous market structure. We are at the competition of the butterfly (D) so I will be looking to get short off the open, risking a point above D. Profit target $7.60 ( green .382 retracement) where I may look to flip long.
POTENTIAL bearish Head and Shoulders forming, as well as confluence with rejection off 1.618 fib extension + Bearish bat pattern. If the break of (B) confirms the star alignment, looking to enter short into the red zone, add on a reversal pattern confirmation, then add again on the trend line crack looking towards .318 and .682 retracement (green) for profit targets.
Looking for a break of the (B) to confirm Gartley for a move up to (D) to enter short. Add to the short on the blue trend line break, with PT 1 at first green line (.382) and PT 2 at the next green line (.618).