My plan is to buy 3875-ish on a retest of the downtrend line and
to run it up to 3980 on /ES for a trade. The timeline is between
this afternoon and into the CPI report on Thrusday.
Posted by mschwand on 10th of Jan 2023 at 11:20 am
Interesting. The inverse cup/handle completed off that divergent
bounce (386.25ish on SPY, a 50% fib of the 2 day move up) and I was
wondering how we might reverse out of this messy
progression.
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Chop this morning is carving
Posted by timebandit on 10th of Jan 2023 at 11:06 am
Chop this morning is carving out a diamond (so far). Right sides are speculative, will redraw as price unfolds
Update - taking its time
Posted by timebandit on 10th of Jan 2023 at 12:04 pm
Update - taking its time
good eye there timebandit
Posted by matt on 10th of Jan 2023 at 12:10 pm
good eye there timebandit
Is it a bullish or
Posted by kevindeng0727 on 10th of Jan 2023 at 12:18 pm
Is it a bullish or a bearish one, my diamond experts?
In this case I would
Posted by tgo5043 on 10th of Jan 2023 at 12:24 pm
In this case I would say bullish. It's a reversal signal and If trend was down then it should break up (or vice versa).
I've been hoping APPL will
Posted by mschwand on 10th of Jan 2023 at 12:23 pm
I've been hoping APPL will lead to a bullish reversal diamond on SPY, but you never know with crapple, lol
My plan is to buy
Posted by junkie on 10th of Jan 2023 at 11:26 am
My plan is to buy 3875-ish on a retest of the downtrend line and to run it up to 3980 on /ES for a trade. The timeline is between this afternoon and into the CPI report on Thrusday.
Interesting. The inverse cup/handle completed
Posted by mschwand on 10th of Jan 2023 at 11:20 am
Interesting. The inverse cup/handle completed off that divergent bounce (386.25ish on SPY, a 50% fib of the 2 day move up) and I was wondering how we might reverse out of this messy progression.