Inital resistance, but I guess there should be more on the upside.
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BullBear52x wrote:Surely a strong resistance here, where is uncle Ben when you need him the most
A consolidation or little pullback from here is not bad for bulls.
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Found support at the previous breakout point, now the 2nd assault of the resistance, looks not bad so far.
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Right in the target area as I said, now the resistance becomes heavier hand heavier, bulls need show some strength here.
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Is the first leg down coming to an end? This bounce does look kind of weak even though its broken out of the downward channel.
Edit: Why do I see an mini- inverted head & shoulders set up in the market's future?
Breakout channel is only the first step, usually after the rebound the previous low will get tested, so called the 2nd leg down.
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Sorry, too much focused on day trading pattern. Here's what I see, pay attention to how VIX closes today, a reversal like bar with body completely out of BB top would be not bad for bulls.
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So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges.
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Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges.
Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges.
COOL
Kidding...
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Cobra wrote:So these fightings here? narrow range bars with volume surge, lots of fightings, the message is clear, no I won't allow you to go down (FED again?!), now the market acknowledges.
COOL
Kidding...
Usually there is a false breakout after narrow range, so I thought that red bar was the one, but it turned out this bull bar is the one ???