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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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.