Bearish Cypher D leg Rejection short set up

Bearish Cypher. Monitoring the 4hr chart, we had a bearish cypher retest back to (B) leg. It then retrace back up to D leg where it sold off, from the initial sell off it retrace back to D leg again. Here is where i'm considering a short position. The 4hr chart is showing oversold rsi above the cloud. Price Action would have to gap above D leg, and if you notice Currently X leg is acting as resistances. No position, waiting for confirmation from price action

Komen:

look at the 2hr, both the 4hr/2hr showing bearish sentiment the market is rallying and AAL is seriously lagging... waiting for 4230-4250 before grabbing some puts. likely will turn down w/ the market

Dagangan aktif:

added some $15 puts based on 4hr chart alone, look for price action to dip under $14.50-$14.40 soon

Komen:

monitoring

Komen:

extending the forecast if C leg is breached

Komen:

amazingly the market is showing so much strength yet this is so weak. imagine when the market goes down. 1% this will likely trade down 3-4%

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