Triangle Squeeze To Produce Spring

Mar 14, 2020

Looking for the triangle to squeeze down and for price to break lower and tag the 4400 region which is a target area for wyckoff style springs. Short intraday bias.

This is an accumulation area but it needs to test lower prices and fail before the bears can be convinced to give up.

Mar 14, 2020

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Looking for short in red box

Mar 14, 2020

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Narrowing in on shorting region

Mar 14, 2020

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Maybe right shoulder on tag of open area

Mar 14, 2020

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Mar 14, 2020

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It's just acting strange. Came to level but too much momentum up.

Mar 14, 2020

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It's just a flat range around the open. Watching for the red box.

Mar 14, 2020

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Looking like it might be working on making a spring, would consider shorting on a tag of the open instead of tag on the day high.

Mar 15, 2020

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1.618 extension of initial retrace comes exactly to open so will accept a tag there as an entry zone short.

Mar 15, 2020

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Mar 15, 2020

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