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Haha I am waiting for gasprice when he show up I start shorting heavily One more spike is possible this chop looks like 4th wave then I expect bigger retrace/second ZZ down to start, fingers crossed
see u tmr!
have a good one, here I got possible head and shoulder or bull flag?
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Triangle broke solidly to upside (for now?) so negated first move out of triangle = head fake. In theory, apex of triangle should provide "time stamp" to extreme of the move. (maybe 1580/2 area off the fib ruler.
If move back into triangle, then I expect move to pierce lower triangle line and head for 1566 area.
now it's a valid breakout. at least this bull has another leg.
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We might get stopped, this bull taking too long to reach 158.39.
That could be but the chart is the chart. I don't know but I liked the look. Sometimes the longer it takes to break out the better the pop. Sorta like that girl that wouldn't talk to you in school and then one day she warms up to you.. Fireworks. Sometimes, though she is just using you to make her boyfriend jealous.
We might get stopped, this bull taking too long to reach 158.39.
That could be but the chart is the chart. I don't know but I liked the look. Sometimes the longer it takes to break out the better the pop. Sorta like that girl that wouldn't talk to you in school and then one day she warms up to you.. Fireworks. Sometimes, though she is just using you to make her boyfriend jealous.
Are you a former erotica author?
P.S, I just got stopped @ 158.14. Will be back tomorrow if have time. Good luck.
ClarkW wrote:PURE SPECULATION, NOT A RECOMMENDATION:
XLB hourly. This move looks very similar to the last move up which peaked just short of 78.6% fib level and provided a lower high. We are just under 78.6% of the fib level.....could it provide another lower high?
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