Posted by mirhamedali on 29th of Jun 2022 at 04:12 pm
I agree with Matt / Steve that we may have a multi-week or
multi-month bear rally ahead of us. I think this plays out as
one massive A-B-C and I suspect this bear rally will be very choppy
and be full of smaller A-B-C moves as opposed to anything
impulsive. If this bounce is to be corrective, followed by
another impulse down, then we do have to expect lots of overlapping
waves here. I think its going to be a choppy ride until September.
Reducing order sizes might be a good idea to avoid getting
chopped up too badly.
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I agree with Matt /
NQ 1 min inverse h&s...could trigger larger breakout of triangle
Posted by mirhamedali on 29th of Jun 2022 at 04:12 pm
I agree with Matt / Steve that we may have a multi-week or multi-month bear rally ahead of us. I think this plays out as one massive A-B-C and I suspect this bear rally will be very choppy and be full of smaller A-B-C moves as opposed to anything impulsive. If this bounce is to be corrective, followed by another impulse down, then we do have to expect lots of overlapping waves here. I think its going to be a choppy ride until September.
Reducing order sizes might be a good idea to avoid getting chopped up too badly.