Last hope for bulls, hold it up to a mirror, see the reflection

Yes, I know we're still falling. Yes, this 6900 zone might not hold, and I'm publishing this too soon. Yes, it would be better to confirm the bottom and reversal. Don't care. Despite the fussing and whining of some annoying and overly-anal trolls, my charts are not scripture, they're just pretty pictures scribbled by a cranky old cuss. And this one was too pretty not to publish. I'm not telling anyone when/where to buy, only showing what a bullish reversal could look like here. If you can't use your imagination then I feel bad for you :P

If this holds, we will have formed a sweet harmonic reflection, bursting the channel above and below only briefly for bull/bear traps, while oscillating within these parallel channels. Essentially (if not perfectly) we will have formed a double top and double bottom , two reversals framing the action beautifully. Throw a bullish and bearish Gartley next to each other and you have some decent chart art, suitable for framing ;)

Yes, it's too perfect. Real price action is never this tidy. The market will do something much less geometrically satisfying, and usually in the direction of maximum pain...

İşlem elle kapatılmış:

Those following me in the chat already know I gave up on this scenario a few days ago when it was clear we were going too deep for this formation to actually play out. Instead, I've been following this fractal strategy, which is working out nicely (for the bears ;)