Small Caps following New Path to ATH After ABC Correction

Got a clear 5-wave impulsive breakout from the ABC correction of September; but enters overbought condition in RSI, needs a breather and consolidation at support; trade short; then roll long at ~1515

Line tracing back through multiple S/R peaks/troughs at 1506 - 1513 tar zone; look for retracement over ~2 weeks/9 sessions before trend resumes

Uptrend will be a powerful wave 3 breakout to new ATH before year-end IMO; notice how correction moved price into a new, lower channel which now continues uptrend in next blade of Gann Fan; following brief pullback to support, Wave 3 should bull fiercely into Nov/ December/Jan.

NB: Gann fan coincides with Fibo retracement price; a critical intersection IMO

Easy money printing soon IMO as recovery from CV19 crash completes and bull runs to new ATH; small Gap to fill at 1680, ATH 1:1 recovery at 1715.


Not investing advice; trade at your own risk!

Transaction en cours:

Short entry above 163 in the 30Oct 163P and TZA; shorting the weekly 157P in ten bear spreads; GLTA!

Transaction en cours:

Added ten spreads at 163.80 in the 163 puts, short weekly 157P

Commentaire:

Holding short

Commentaire:

Did nicely on these took some profits out and rolled down into the 162Ps

Trade fermée manuellement:

Not shorting these, still needs to make double top up around 170; patience!

Commentaire:

RUT firming up on a choppy day...!