US 30 Trendline Test Rejection: Imminent Throwover
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21.
Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531.
Possibly one more rally attempt to trendline on 8/23, then swoon; or just start lower back down into Bear Flag channel now.
As always, this is not investment advice and all comments are only intended for education and amusement. Good luck!
Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531.
Possibly one more rally attempt to trendline on 8/23, then swoon; or just start lower back down into Bear Flag channel now.
As always, this is not investment advice and all comments are only intended for education and amusement. Good luck!
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