DJI in Modest Correction

Gave up 1K pips and entered consolidation zone. Forms pennant on flagpole, probably only halfway down.

Can backtest higher before measured move; or complete a flagpole formation from this pennant.
Price action has been muted; small moves, no huge red days, yet...

Trade at your own risk or just stay out and watch the damned thing. Churning moneypit IMO; GLTA!

Kommentar:

Wow, looks like another COVID-style crash, again on bad news from China, this time another property crisis. DO NOT expect this gap to close today! Might just sink further.

Kommentar:

Gosh here we are wilil support hold? There's been no bounce... ouch!

Kommentar:

Looks like an impulsive downtrend. Brief failed rally Tues, back in the dumpster EOD

Trade ist aktiv:

Well I been busy rolling and adding all day. Shoulda just bought calls, who knew?! MOMO expects JP to rescue the market, again... this will sell again soon IMO

Trade wurde manuell geschlossen:

Stopped out. Bought the whole thing back and more. Sidelining.