Uno Reveral Part Deux: The Updatening
FerroIgnique 0 16 12.03 11:30
As can clearly be seen, just because my prior post was an S-Post, doesn't mean it was wrong. The iH&S dramatically under-performed, measured move in Fuchsia set target to $8200. The target we see in blue will mightily over-perform, likely to the skyblue line below. For greater context, please view my macro picture; lateral lines were where we rested/reversed on the way up and I expect the same to be true on the way down. If we blast trough 2 level expect a reversal up one level. We are in a bear market and will be until we start seeing formations perform at least to target and stop seeing formations out-perform.