she gon be big

I strongly feel as though this head and shoulders will play out, however that right shoulder was floatier(?) than expected, which may lead to improved market sentiment as the pattern completes.

This leads me to believe that we will form a nice triangle up from that raunchy 220 wick on June 2nd.

If support is bullish, I'm expecting the cavalry around the high 220's. The thing is, if this pattern is what I think it is, its gonna be quick, bro.

Flash down, wick up, close high, then retest the 440's.

or, in an alternate timeline (probably not as dark as this one), we test upwards to 440 again then draw a triangle bottom. Imagine a little green arrow right next to my red one, except the green one has a question mark cause I'm not quite sure and I dont feel like going back to add it in.

After that? Bearish, dude. These triangles never play out bullish. lol

We will probably hang around the 230's until our 200ma gives us a swift kick in the ass to get a move on.

cheers, lads

Commentaire:

Currently accumulating a short position in futures @ >242
no stops yet as I will pull entry as needed

so i guess technically trade active

Transaction en cours

Commentaire:

Accum moved to >242.50, limit high of 243.20's for 5% capital

Commentaire:

CMF shows too much selloff when we reach higher levels, so I'm going with this pattern still being a very possible play, Hedging a long to 245 where I will re enter the short to confirm top of triangle.

There is no way we are going to ignore that wick from the 2nd.