NQ Goin Oversold Inverted H&S? Maybe bouncy time?!
Updated
No idea wth this thing will do next, made bank playing the sells, the rallies have been surprising and shorting overnight is fail...
IF this is a bottoming IH&S pattern, the rally up here will be something fierce IMO, don't get caught short! GLTA!!
IF this is a bottoming IH&S pattern, the rally up here will be something fierce IMO, don't get caught short! GLTA!!
Comment
Alternate theory: An impulsive Wolfe Wave unfolding; could get pretty scary if this plays: 
Comment
Another nice move. Could give a zig-zag here and sink back to a double bottom, wouldn't chase this rally...Comment
looks like a zigzag forming, buy moar puts imoComment
I expect massive correction in may/June, rally to lower high over summer, then a monster breakdown. I believe we are in Wyckoff distribution Phase B, UTAD (nominal new ATH after buying climax), or entering/at Phase C in distribution pattern, watch how this plays out over next weeks:
stockcharts.com/articles/wyckoff/2015/09/distribution-definitions.html
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.