F Flat
Updated
Looks like a flat to me.
Stopped at the 50% exactly.
If this is correct, the next big target is 9.79.
I've been short with a stop of 11.87. But 11.89 looks good to me, for now.
A break of 11.89 would mean reevaluation.
Stopped at the 50% exactly.
If this is correct, the next big target is 9.79.
I've been short with a stop of 11.87. But 11.89 looks good to me, for now.
A break of 11.89 would mean reevaluation.
Comment
Ok, well, reevaluating already....Comment
If F does this, I like the shape better anyway. If it fails to break 11.89 OR stops at 12.03, I still like the flat.
But I'll cut this loose if it goes above the 618 at 12.06.
Trade closed manually
Markets are too bullish to wait on this right now. I'll watch and wait.
Comment
Comment
This is possible. Markets are pumping at F stopped right at the ABCDE target. There are more bullish possibilities as well.
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The ABCDE correction is still valid, but markets look pretty strong. 11.99 needs to hold or this count is out.
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That last chart assumes this is a leading diagonal, and that it is corrective.
It doesn't have to stop at the ABC target though. If not, I would look for the higher targets, up to 13.56.
This could become more impulsive, and then I'd look for a larger bull move to the upside.
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