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Symmetry break on SPX 5 min? Was that 13 points down enough?
greggone, the symmetry is 25 points from Jan 19th on 5-minute charts. What you pointed out looks like a bull flag, a continuation pattern. Today is a trend day, so pullbacks are bought.
Thanks Junkie! Didn’t see that…
Incidentally, a low-compression squeeze on daily /ES (SPX) chart has just started firing to the upside. This thing could go a lot higher.
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Symmetry break on SPX 5
Posted by greggone on 23rd of Jan 2023 at 11:52 am
Symmetry break on SPX 5 min? Was that 13 points down enough?
greggone, the symmetry is 25
Posted by junkie on 23rd of Jan 2023 at 11:58 am
greggone, the symmetry is 25 points from Jan 19th on 5-minute charts. What you pointed out looks like a bull flag, a continuation pattern. Today is a trend day, so pullbacks are bought.
Thanks Junkie! Didn’t see that…
Posted by greggone on 23rd of Jan 2023 at 11:59 am
Thanks Junkie! Didn’t see that…
Incidentally, a low-compression squeeze on
Posted by junkie on 23rd of Jan 2023 at 12:06 pm
Incidentally, a low-compression squeeze on daily /ES (SPX) chart has just started firing to the upside. This thing could go a lot higher.