JMichael

JMichael

Retest of beginning of this leg down along with a forming head and shoulders. A break of neckline should bring us to our entry at D.

JMichael Updated 

Short at D, stop at X. I like to take some profits at 38% retrace of CD.

JMichael

Retrace after XA leg isn't quite there for true definition of a cypher but the wick action at the top makes me still consider this valid. Short at D, stop loss at X, take some profits at the 38% retrace of CD leg.

JMichael

Short at D target, stop loss at X. I'll take some profits at a 38% retrace of CD and let the rest of the order ride.

JMichael

200 MA could provide support to complete this pattern.

JMichael

Big move up, time for correction. Profit levels on fib extensions of the first move. Could see lower if PA moves through the 200 MA.