Potential channel break here which

    Posted by mirhamedali on 2nd of Sep 2022 at 11:19 am

    Potential channel break here which would set up a nice IHS 

    Bull Flag / pennant forming

    Posted by mirhamedali on 2nd of Sep 2022 at 11:59 am

    Bull Flag / pennant forming at the top of the channel now.  Looks like it wants higher ?

    Think its going lower...

    Posted by kobie on 2nd of Sep 2022 at 12:12 pm

    Think its going lower...

    Posted by kobie on 2nd of Sep 2022 at 11:47 am

    NIce view. Would take another

    Posted by kobie on 2nd of Sep 2022 at 11:30 am

    NIce view. Would take another day or 2 for R -shoulder to form. Maybe we dump late afternoon?

    A day or 2 for

    Posted by mirhamedali on 2nd of Sep 2022 at 11:43 am

    A day or 2 for retrace makes sense Kobie.  People might be scared to hold over the weekend.

    And A-B-C corrections tend to be very overlapping so it fits the character.

    But if that neckline breaks early then there is going to be a huge short squeeze ahead!  Current market sentiment is super bearish.

    Forgot to mention that was

    Posted by mirhamedali on 2nd of Sep 2022 at 11:23 am

    Forgot to mention that was a chart of the NDX

    Also its bouncing off the .38% retracement and facing resistance at the previous W4 high ... it would be a big deal if the bulls can bust through here ... I doubt they can do it without a pullback first.

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