Chart says all. Bear Trap forming, don't get caught!
Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready!
Trade at ur own risk, not advice; GLTA!
Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready!
Trade at ur own risk, not advice; GLTA!
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It moves but so far so fast omg I closed out longs, pullback likely imo註釋
As z3m25 points out, megaphones are bearish patterns and the 50% retracement of the third wave in the cone often breaks DOWN rather than up; must trade with extreme caution here folks, IMO this one can break either way: Senate passed the covid relief package, headed back to Uncle Joe for endorsement. Might bull to the top of cone TL again and could break higher... here's a useful education idea for your consideration:
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rejection under tl; next wavedown may break 3700註釋
Bear flag forming under the TL; expect lower imminently註釋
At a critical juncture, if it breaks above the TL could start bullish momo; if rejects, headed much lower IMO註釋
Well it closed under the upper TL in this pattern; might be a fake breakout. I strongly suspect BULL TRAP and took no position EOD. IMHO the tech selloff is not yet over, just a feeling. I would not yet go long here, chasing these nutty rallies leads to grief IME.註釋
Well, well well... it filled in this chart PERFECTLY OMG! Look for a TL retest on brief pullback Thursday then Bull LIke Hell Friday and exuberant senseless GAP UP AND GO on Monday 15th, LOL! Damned Bulls!!It's broken out upside, look for a retest ~.382 fibo then strong bounce to ATH IMO.
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Just Gap n Go, lol. Not chasing it.註釋
This pullback likely represents a buy oppy, but I hate to hold calls over weekend with prices so jittery tbvh. Did good daytrading the ups and downs, just wiggling atm.
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WARNING: DO NOT SHORT YET!!!I wondered watched and waited and see what the momo crowd did?! Expect higher still on Tuesday; might buy puts on Wednesday, depending on the waves and outlook. DO NOT GET FOMO!! Long and shorts all high risk up here, caveat emptor!!
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IMO might get a parabolic blowoff to finish the bull wave, please don't get caught short in it!Wait until it starts to decline before you short; the trend is ur friend until the end when she bend!!
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Told ya to not to short it!!
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