MR
mreiserer
Rep: 110
Posts: 2,220
wondering if that was a stop sweep as far as the donwloping trendline goes and now back up higher
MR
mreiserer
Rep: 110
Posts: 2,220
my timestamp is wrong but I posted this right before the last thrust :)
JI
jimkane
Rep: 3,058
Posts: 33,089
It's just HC^2, which will probably break up. If that ABCD had any more influence I think it would have already played out. I just got back from watering the garden, now I think I'm going to go have a brunch snack. I'll just come back in a bit and see if the B/E stop got hit. I've already accepted that. In this situation, after all this chop, one could grab maybe 6 tix and just forget it, but I'm opting for the B/E, because technically it really looks like it could break down.
JI
jimkane
Rep: 3,058
Posts: 33,089
Technically, but not price action-wise. Price action says they won't let it go, and with low volume they could easily kill it.
JI
jimkane
Rep: 3,058
Posts: 33,089
What I mean is, with the low volume they could kill it down, and they haven't, and that says there are no net sellers off a nice-looking ABCD off a key ML, and that's a clue. Nice technical setup, but no follow-through.
MR
mreiserer
Rep: 110
Posts: 2,220
Well, even if I did it would have been 3.5 points at the most and I certainly wouldn't have exited right at the bottom, but waited to see if it finally flushes out. So I reckon it would have been 2.5 points at the most. With all the agony of sitting through the chop still a complete waste of time imo.

