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still short from 60.75 stop moved to 58.75, target 54.5

whew, came within a tick of stopping me out. Who's got their foot holding the elevator door open???

yes, looking for break below 1056 and retest to add more short.

moved stop to 59.75. got stopped out twice today so need to lock some gains. looking for quick selloff to 53 to cover.

s60.75 RSI divergence on 15m, MACD crossing down stop 1062

Looks like we're heading down to 990ish to make a HnS. 102 gap from 9/4 on SPY is getting closer.

why is SPY and SPX so different? The DT on SPY is clear, but SPX made much higher high.

Closed 2 at 47.50 and the last stopped at 45. didn't feel right. Trade was based on the grail but I believe it gives false signals in consolidation zones. Either way, I like it. Thanks B1S1! I'm done for the day. Best day in a long time...

L 3@46.25, Stop 1045 Targets 1048.25x1, 1051x2

I moved target to 1043.75 for an even 20 pts, pretty much perfect 2hrs.

nice, S1063.75 covered 1/2 at 1056.50 stop on rest at 1059 Target ??? I feel like a trailing, but just in case we crash toward S2: 1044.25.

B1S1, do you have a preplanned target or just waiting for conditions to turn? I sold 1063.75 this morning (2pt stop now moved to 1063.25). Initial target was 1058 but with that selloff I moved target to 1056.50 (no fill). I'm debating leaving it there or trailing in hopes of S2. Or if I see...

Apparently a dragon using AH numbers hits the target in the AH. Big reversal today from 985.75 (1-1.75 pts shy of the target) and went 25.5 pts (height of the big dragon basically).

Just noticed double dragons. The failure of the first is the midpoint of the second. Both point to a reversal/bounce at 984-984.75. Will be nice if tomorrow presents a top / short opportunity at 996ish.

How do you put the pic in the post? Also, would you give this pattern less weight since it involves AH action? Have you noticed a significant difference between RTH based and AH based dragons?

I noticed this inverse dragon this morning. Thought it'd reach the reversal target today with S3 being 985. But I guess it should take another day or two since it formed over 4 days. Edit: oops, the Height is 26 not 16 as noted in the pic.

I saw two inverse dragons pointing to 1016-1017 (ES). One formed on Friday, and a bigger one over Wed/Thur to Fri. The big one's fail point was around 10AM Fri and the small one had a smaller height and higher fail point. 1015.5 was R2 and I had 1016.5 as a major trendline, so this looked...

There's a HUGE normal dragon in the making over the past week as well. It also works with my thinking above, but this points to 980. B1=978.25 M=1006.5 So, H = 28.25 B2 = 991.25 Failure at 1007.75 (2.5pt overshoot) Reversal Target = F-28 = 980 I think this dragon stays intact as...

wow, some large inverse dragons played out. On ES, there were two big ones over the past 5 days (H=16 and then H=7.5), both gave a bounce/reversal of 15 pts. Sorry, I don't know how to post pics. The 1st had: T1=994,T2=1001.75,F=992,R/T3=1006.5. The 2nd formed yesterday thru this...

Is it now safe to say your long-term NQ dragon failed? 1608 is pushing the limits...