quakefiend

COP AB=CD, short with various retracement targets

Short
NYSE:COP   ConocoPhillips
5
Today completes a perfect AB=CD pattern for COP. First obvious short target is the .382 retracement from D, next target is the long term trendline, next target is C, and finally the last target is .786 to .886 of AB. These are my targets and are influenced by confluences I see (SR levels, fib levels, trendlines, harmonics) - you may have different ones =)
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