OsirisRaa

OsirisRaa

Possible minor ABC forming

OsirisRaa

If we can get a little pullback on an ABC off of a motive wave here I think there room for some great R/R.

OsirisRaa

Why not?

OsirisRaa

Looks like we may get one more push here to the 130.70 area which completes minute 3 of 5.

OsirisRaa

its grazed the 100 extension and has some prior support res here. internal entrancement I like a short with a tight stop above the the 100 and the 76.4.

OsirisRaa

Confluence looks great on a later entry on DatTong's call.

OsirisRaa

With 5 rejections off the 50 fib corresponding with the 127.2 extension as text book ABC on the daily I dont know how you cant come in here with a short and a stop slightly above at the swing high for a huge risk to reward return.

OsirisRaa

Its hard to argue this really nice channel on the daily even tho you can squeeze and impulse wave out of there that gets hammered at the top of the channel coming off a big prior support area on the weakly. Tuff call pick a side off the golden zones and keep those stop tight.

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Looks like this may be a completed A looking to complete a expanded flat B. Short term long on pull back with a short at the B completion.

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TOP OF A WEDGE. ON WHAT LOOKS LIKE A FINISHED B GOING FOR C

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LOOKS LIKE A GOOD CONFLUANCE OF THE TWO CHANNELS AND THE 38.6

OsirisRaa

Nice confluence bounce off the medium line and prior support and resistance.

OsirisRaa

Looks like we have a great confluence area here of the prior support and resistance, -200 algo, 2.2618 extension, and the top of the channel.

OsirisRaa Updated 

Looks like a very nice confluence cluster coming up on the on the 50 Fib of the move down. 2.618 extension, prior support/resistance, -200 algo target with the top of the channel.