Discussion in 'Technical Analysis' started by Heydrrich, Apr 25, 2019.
thx didnt know that. H&S = C&H - most distant shoulder.
It looks more like LET'S SLEEP rather than LET'S FLY.
since movement has been rather sluggish , it will continue to move sluggishly even though
it breaks your trend line.
damn guys always buy the 0.786 blindly
even though GDP is good no reaction from spy
when good news gets no reaction then market has topped but it does not mean it will fall
the big guys will hold the market and distribute for months if not a year.
so sleepy bye
bulls looking exhausted, 5 waves right at resistance.
do not get excited
markets do not enter a bear phase without distribution and that means months of sideways movement
if bulls are exhausted they will take a rest and be back
a 10% fall is a correction but to short term day traders it will look like a bear market
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