still ambiguous, another possibility is a Symmetrical Triangle for the last push down before a good rebound. which way it goes, we'll have to wait.
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since i capitulated this morning, the market should now trade higher i can miss this snap back rally ( if it occurs ) since i want to preserve my gains for the year ( now at 25% ) ... might just take the rest of this month off. aug is always my worst month, not sure why i trade it.
if crude holds the 90 level i will swing buy for a move back to 95. break down below 90ish will short to 85ish. good luck today guys, i am off. thank for listening to me blather..
seems to result in an upside breakout, tinted area as target.
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If we end at or near this candlestick construction for the day, look out tomorrow, bears (and I'm one!). This is positioning us for a nice little upside boost, I think:
Measured Move target reached, let's see whether it could reach the Triangle target.
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Anaconda wrote:If we end at or near this candlestick construction for the day, look out tomorrow, bears (and I'm one!). This is positioning us for a nice little upside boost, I think: