AI
Wednesday, April 02, 2014 4:30:06 PM
YM BZ retraces and other patterns
Starting with a H&S on the left hand side - this was the day the markets reacted
to news of a major Futures Put option purchase...
Then a triangle - I expected it to be a continuation pattern of the previous down trend...but no...
The next session's rally retraced into the BZ before retracing again into the BZ.
Currently running to the 16500 area forming a bit of an ascending triangle over the past two sessions...
The lime and red vertical lines represent the major markets' open/close...
Starting with a H&S on the left hand side - this was the day the markets reacted
to news of a major Futures Put option purchase...
Then a triangle - I expected it to be a continuation pattern of the previous down trend...but no...
The next session's rally retraced into the BZ before retracing again into the BZ.
Currently running to the 16500 area forming a bit of an ascending triangle over the past two sessions...
The lime and red vertical lines represent the major markets' open/close...
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