yep - otherwise the choppy bounce would also be 4th wave
bounce as illustrated - under such a scenario you would get a
pullback early next week for a wave 5, then yyou would be setup for
better larger bounce
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AAPL has a diamond pattern Maybe
Posted by arun on 9th of Dec 2022 at 12:01 pm
AAPL has a diamond pattern
Maybe Bandit can draw one for us lol
I am monitoring a similar
Posted by Orangeman on 9th of Dec 2022 at 12:28 pm
I am monitoring a similar pattern on XLK (about 45% AAPL and MSFT which has a similar look).
I took a little short nibble near the apex - feels like a fairly objective entry given the pattern and distance from VWAP.
https://www.tradingview.com/x/0b2Q8DPM/
This market is really screwing
Posted by arun on 9th of Dec 2022 at 12:36 pm
This market is really screwing shorts last few months and the conditions are still the same. Too many bears on fintwit.
yep - otherwise the choppy
Posted by matt on 9th of Dec 2022 at 12:42 pm
yep - otherwise the choppy bounce would also be 4th wave bounce as illustrated - under such a scenario you would get a pullback early next week for a wave 5, then yyou would be setup for better larger bounce