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LIT

AJ Fib Confluence / Cypher ShortMarkets pulling up into an area with lots of Fibonacci confluence there's also a lot of previous structure at this level stops will be above the larger swing high to give the trade some more room to work There's two separate 1414 retracements at this level as well as a 1618 fib all within a pip of each other calculated using the recent impulse legs There's also a potential for a cypher pattern to complete its B to C leg at the 127 fib within our shorting area. This could become a counter trend trade so I will be looking for addition confirmation however there is potential to be a good trade setup just see how it plays out Plan your trade trade your plan!
Short
by tmh85
2
LIT ETF: Further Trending Down Bullish Descending WedgeExpect a further slide down the large bullish wedge into more probabilistic BO zones (as indicated by green projection area within the wedge), then trend reversal that moves within the trident. The current movement is a completion of a bearish ascending wedge, which correlates with a continuation of the downward trend. The VFL shares the current bearish sentiment as does the Wies, with an overall decrease in buying and selling volume - such things also indicate a possibility of a large movement.
AMEX:LITShort
by pimpfreud