crelliott0302

crelliott0302

inverted head and shoulders.

crelliott0302

Not sure...will have to wait and see on this.

crelliott0302

Seeing this lovely pattern forming and it makes me feel bearish. But I also see a potential pattern developing.......

crelliott0302

Support at the bottom of the pattern, matches with upwards trendline and previous structure. Price action may retrace down to 618 fib level before moving back up to either its previous resistance or the 1.272 fib ext level (which is also match by previous resistance). What are your thoughts?

crelliott0302

so far, so good. See previous plan.

crelliott0302

based on what I can see, my plan, and the strategy I will use, I am expecting price action to move up to the 113.500 resistance line before heading back down to the 382 fib line. Plenty of confuence, including measured move, fib, fib extensions, MA's, and Stock/RSI. Trend was showing up on Friday but I will be looking to short as price moves/bounces off of the...

crelliott0302

I still see this as going down but we shall see.

crelliott0302

Took some long profit but now back to shorting.

crelliott0302

Learning to put all my indicators to good use and thinking this is now going long. Thoughts?

crelliott0302

Is it possible to go bullish now?

crelliott0302

What does this mean?

crelliott0302

Looks like there are two distinct uptrends. Is it going up or will the previous idea remain in tact?

crelliott0302

and here is to hoping it comes to fruition.

crelliott0302

I am getting better at spotting patterns. However, I do not yet have enough experience to know if I am even picking out the correct patterns. Not to mention, which way the market could go given the "identified" pattern. Any insight, suggestions, critiquing would be greatly appreciated.

crelliott0302

What do you think? Look like a good target for a long?

crelliott0302

Flag or just nothing happening right now? Watching to see if price breaks up out of the channel and heads north or if it will continue down. Still learning so this is fun to watch unfold. Feel free to share your thoughts. I like learning.

crelliott0302

seems to be respecting previous hi/resistance

crelliott0302

hmmmmmm