I'm looking to buy a trap move IF we get one. My entry trigger will be my harmonic entry system.
For the logic behind this please follow the orange numbers on the chart.
The banks/institutions have a large order at the lower red line I believe..
The pennant/triangle sitting right above it and the trendline both add a great confirmation.
I'm looking for people to go short thinking these are "breakouts", while we buy. TARGET THEIR STOPS!
Enjoy!
Status: wait to see if we get a "breakout" then monitor for buy opportunity in the buy zone.
For the logic behind this please follow the orange numbers on the chart.
The banks/institutions have a large order at the lower red line I believe..
The pennant/triangle sitting right above it and the trendline both add a great confirmation.
I'm looking for people to go short thinking these are "breakouts", while we buy. TARGET THEIR STOPS!
Enjoy!
Status: wait to see if we get a "breakout" then monitor for buy opportunity in the buy zone.
Comment:
It may just continue upward and make a run for the target, but we shall see
Comment:
I'd like to point out all the "support" we have developing during today's session. This appears to me that the institutions are baiting people to see all these equal lows. This is adding more confirmation to the original idea. I hope the entry comes Sunday on the weekly open or during Monday sessions. If it hits the red line today I'm not buying
Comment:
Setup is still valid