A Bearish Deep Crap
Could be in spe. BUT so far highly speculative.
Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less.
This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must)
Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a BLOW off top
Clues to support this possibility:
We have B-leg retracing 88.6 of the X to A-leg.
If we get the C-leg retracing 88,6 of the X to A-leg ... the setup for the 1.618 extension is then ready to pan out.
RSI is a its low so could turn up after a flush
Fear not ...believe in what you see
BLawrenceM
Music at work:
youtube.com/watch?v=awv8REl5_BQ
open.spotify.com/track/6qlubrPNXe78NaIGdZ0nh2
Could be in spe. BUT so far highly speculative.
Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less.
This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must)
Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a BLOW off top
Clues to support this possibility:
We have B-leg retracing 88.6 of the X to A-leg.
If we get the C-leg retracing 88,6 of the X to A-leg ... the setup for the 1.618 extension is then ready to pan out.
RSI is a its low so could turn up after a flush
Fear not ...believe in what you see
BLawrenceM
Music at work:
youtube.com/watch?v=awv8REl5_BQ
open.spotify.com/track/6qlubrPNXe78NaIGdZ0nh2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.