Potential measured move off of pennant
I'm liking these posts referencing early cases where we consolidated, dipped very quickly and made for higher ground.
This adds some weight to my suspicion this pennant could do a classic measured move down to 220 area before bouncing.
This led me to succumb and try adjusting my fib from my previous post and use the whole rally up from Jan low, to measure the fib range.
This puts my measured move at almost exactly the 71% retrace for the whole rally from January.
I'm half short half long as anythign could happen
This adds some weight to my suspicion this pennant could do a classic measured move down to 220 area before bouncing.
This led me to succumb and try adjusting my fib from my previous post and use the whole rally up from Jan low, to measure the fib range.
This puts my measured move at almost exactly the 71% retrace for the whole rally from January.
I'm half short half long as anythign could happen
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