No idea wth this thing will do next, made bank playing the sells, the rallies have been surprising and shorting overnight is fail...
IF this is a bottoming IH&S pattern, the rally up here will be something fierce IMO, don't get caught short! GLTA!!
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Alternate theory: An impulsive Wolfe Wave unfolding; could get pretty scary if this plays:
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Another nice move. Could give a zig-zag here and sink back to a double bottom, wouldn't chase this rally...
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looks like a zigzag forming, buy moar puts imo
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I expect massive correction in may/June, rally to lower high over summer, then a monster breakdown. I believe we are in Wyckoff distribution Phase B, UTAD (nominal new ATH after buying climax), or entering/at Phase C in distribution pattern, watch how this plays out over next weeks: stockcharts.com/articles/wyckoff/2015/09/distribution-definitions.html
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