Not a perfect pattern b/c of the double touch at 11805 but still worth watching price come into this completion zone.
We could see a short term reversal. We will see what happens today with the low volume holiday trading session.
We could see a short term reversal. We will see what happens today with the low volume holiday trading session.
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Careful with any shorts. Price action remains strong. On low volume days like today the market can over shoot levels by quite a bit.
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Not much a reaction at the completion point. I like to see immediate reactions to these areas so this may just blow through the red box. Sunday night will give us the answer. My stop is tight at the top of the box. The beautiful thing about harmonics is that when a pattern breaks because price does not reverse it gives you confirmation that the trend is likely to continue so you can focus on trades in the dominant direction.
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Price rolled over and did not break recent high. Here are the targets. Bring stops to B/E as soon as possible in this market.
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T1 hit
