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Hey AL.... check your IWM ascending triangle... possible break out coming... beware of a head fake... pink line... should we pop and drop.. target $117ish (ascending triangle)
my trade today. bad habit of not waiting for breakout.
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this chart should have explained why I took a failed h2 long. I was so confident that the breakout would be on the upside! The pattern looked so perfect!
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Will a trend continue on the VIX, drop outside of BB, then small rise, drop, then uptrend continues higher breaking out? We are back to support on the VIX, which is showing a negative divergence to the market, while the SPY is reaching its high again. Is it time to sell SPY again...
wait for h1 long. I'm full today so won't risk anymore.
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fehro wrote:Hey AL.... check your IWM ascending triangle... possible break out coming... beware of a head fake... pink line... should we pop and drop.. target $117ish (ascending triangle)
Thanks boss
Dang it needs a break out
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
wait for h2 long. h1 not failed yet. again I won't take the risk anymore.
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good h1 and h2. h1 might be stopped out on SPY (depends on your luck and whether you use 3 cents or 2 cents stop loss), not ES though.
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