I've seen that road before, 200 level to be part of history lessons. For updates check linked ideas below.
This is an educational idea and not a recommendation to buy or sell.
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This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains
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We will start with child swings and gradually move to mother swings.
Swing formations are like cycle of life and death. They take birth to die again. smaller and smaller in down move and bigger and bigger in up move, cycle of compression and expansion.
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Determined to break the channel. Holding 200 support for quite some time now. Absorption of supply. Whipsaw/Shakeout is also possible, don't be afraid. Look at the Triangle, forming lower high's ? Traders will jump into short positions, if it breaks downside, only to find themselves into a bear trap.
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CHILD swings are growing
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Market at median line.
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Whipsaw, Bull trap, Birth of child, and now growing,Mother swing coming soon, all explained above. It is as simple as that. Question is do you have conviction?
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FUTURE IS HERE
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Holding Gains
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The last laugh..?
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Energy coil
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ACCUMULATION prior to going long again. Good level to buy more.