US 30 Correction may NOT be over folks- Risk = High!
Updated
We got a symmetric triangle in the 1hrs on 10/17 with arrowhead exactly on the 0.50 Fibo retrace line. Pretty spooky and not yet Halloween.
In chart an ABC EW correction wave shows a suggested pattern IF this Dog is gonna lie down again it will be soon- make or break.
Seems an unlikely coincidence that we got a stalled rally exactly at 0.50. Call me crazy but... I think maybe the fat lady didn't sing yet, folks.
That said, this could be alternate EW wave 3 starting if it break up from here.
If it break up then we got a new impulse and it will bull.
If it be red futures on Thursday morning, sailor take warning, get out your puts, she's goin down then.
If this occurs, C wave will be about same as A was so another 1400 pt drop might stop around 24300-24400.
I closed out all my longs today and sit on cash, risk is extremely high atmimo, for both long or shorts; can break either way but it's gonna break soon- look out!
As always this post for your amusement and education only and does not constitute investment advice; good luck!
In chart an ABC EW correction wave shows a suggested pattern IF this Dog is gonna lie down again it will be soon- make or break.
Seems an unlikely coincidence that we got a stalled rally exactly at 0.50. Call me crazy but... I think maybe the fat lady didn't sing yet, folks.
That said, this could be alternate EW wave 3 starting if it break up from here.
If it break up then we got a new impulse and it will bull.
If it be red futures on Thursday morning, sailor take warning, get out your puts, she's goin down then.
If this occurs, C wave will be about same as A was so another 1400 pt drop might stop around 24300-24400.
I closed out all my longs today and sit on cash, risk is extremely high atmimo, for both long or shorts; can break either way but it's gonna break soon- look out!
As always this post for your amusement and education only and does not constitute investment advice; good luck!
Trade active
Looks bearish...Trade active
Morning bullishness gave way to afternoon delight. Expect brief rally Friday before the big drop early next week.Trade active
Another symmetrical triangle has formed. LIkely retest of TL soon?
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