lol so the up move was capped by the close? c'mon dude ... you said up move, not "by the close" ... let's be real ... BTW, minimum target before new lows is 2961.25 ESM, 2967.75 ESU ... smoke 'em if you got 'em!
It is over 2816 now. But it doesn’t matter as long as market provides movement, L or S is fine. And recently I started trading options on Emini and found it much easier to handle the movement and less hectic and more profitable. The commission fee is higher though.
First "they" have to establish the neckline, then "they" will build the shoulder out for the next move up
Someone's head and shoulder is someone else's inverse head and shoulder... Open gap above at 2857,50. Can see that as a preliminary target for this leg up on the daily.
Stops blown at neckline And still building shoulder You may want to check the current channel before you get too bullish Ihs happen at bottoms Not at Tops
IHS is just a basing pattern and happens anywhere it might want to "happen" and where do you think we're at? In case you missed it, Monday was the bottom lol FWIW, I'm really not a fan of such "patterns" but hey ... when in Rome ¯\_(ツ)_/¯
When you said massive move you weren't kidding, B1! ES is up almost 40 points since your post. Great call!