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I was thinking 5 wave up from 1074 to 1225. Wave A correction from 1225 to 1191. Wave B impulse to 1211 and then Down to Wave C which ends at 1167 minimum or maximum at 1131 (1131 will damage the 2 weeks rally badly and going long is real scary).pady wrote:The run from 1075 to 1225 didnt have any meaningful wave 4. This seems to a flat 4 between 119 to 122 with completion of C now. Other option is we just did 1 of 5 from 1225 to 1191, and now on to wave 2 to 1215 or so and then the big drop tomorrow.
AgreeeeeeeeeeeeedUnique wrote:Time to short here again.
right timing.Unique wrote:Time to short here again.
Best to wait buddy boy.Unique wrote:Time to short here again.
I'm up 10%, oct 22 spy 122 puts..this is a day trade not swing Easy money, why not.tdo722 wrote:Best to wait buddy boy.Unique wrote:Time to short here again.
That's one big ass green hour candle. U don't want to short into that. I think it's safe to say 1211 to 1217 is the shorting target with stop loss at 1224 and profit at 1177 or more. That's a 3:1 reward:risk ratio.
hahasilicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.
Hey, I am from Oregon too.silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.
heavenskrow wrote:hahasilicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.
YES, Grizzly! 1208:Grizzly wrote:I think so... 1208 ??tdo722 wrote:I wonder if this is the start of wave B and should retrace nicely to 1204-1211
tdo722 wrote:Hey, I am from Oregon too.silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.
I think it's too early to call FAZ. We all know there's gonna be a correction to this downtrend.
True, technically, a higher high was missed by a hair (1224.61 vs 1224.47) but it was definitely a close lower candlestick.Unique wrote:How's that bearish engulfing when it's not even a higher high, close lower candlestick. Doesn't completely engulf.BullTart wrote:Big, juicy, bearish engulfing topping pattern.
The confirmation red bar today is looking very ominous.
Let's see what the bulls can do in the face of some dark clouds here. Never underestimate the imagination of the bulls.
Possible for the bullish view. 1131 will be bad for bulls.tdo722 wrote: I was thinking 5 wave up from 1074 to 1225. Wave A correction from 1225 to 1191. Wave B impulse to 1211 and then Down to Wave C which ends at 1167 minimum or maximum at 1131 (1131 will damage the 2 weeks rally badly and going long is real scary).