Short
Reversal Imminent - ABC Formed?
Thanks for taking the time to read my idea, your support is appreciated!
Todays rally and futures ramp have formed the minimum pattern
for a complete ABC counter rally.
Note the sloping trendline at the top is a perfect parallel to the bottom one.
Often the market extends to the max...in this case upwards to a possible channel top.
Whatever happens from here does not change the likelihood that Wave 1 down completed
last Friday and the finishing of Wave 2 up is very possible.
If topping...we are on the cusp of a severe Wave 3 down which will catch
so many off guard and scrambling to cover their longs.
Whatever the catalyst is...the technicals show their hand before the Cabal plays it.
Good Trading
Todays rally and futures ramp have formed the minimum pattern
for a complete ABC counter rally.
Note the sloping trendline at the top is a perfect parallel to the bottom one.
Often the market extends to the max...in this case upwards to a possible channel top.
Whatever happens from here does not change the likelihood that Wave 1 down completed
last Friday and the finishing of Wave 2 up is very possible.
If topping...we are on the cusp of a severe Wave 3 down which will catch
so many off guard and scrambling to cover their longs.
Whatever the catalyst is...the technicals show their hand before the Cabal plays it.
Good Trading
Note
And what was the catalyst to be?....Trump
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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.
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.