Looking for a short set up from one of these corrective paths. Blue will be ZIG ZAG, Pink will be a flat, Red would be expanded flat. Will update trade if position taken.
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If I was to hazard a guess at this stage im think the path of expanding flat, This may now represent a long opportunity to $53
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Major correction complete in form of regular flat. Now correction on lower degree could offer trade but im still uncertain of trend so will watch further before a is trade taken.
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Ive taken a small day trade here on possible zig zag. low conviction. The better trade will be a short if we get a reversal at 50 level which ill post in a new thread .
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stopped out on my day trade :(