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Could get bought

Screenshot_49.png
 
Here we see the formation of the megaphone pattern, at approx 61.8 fib retrace.
This usually signals a bearish move to come. But remember, we are still forming the pattern, so if you are to short, then get the highest price possible in the weakest instrument, which would be the Nas.

Better still, take multiple short entries and build your position.
 

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Here we see the formation of the megaphone pattern, at approx 61.8 fib retrace.
This usually signals a bearish move to come. But remember, we are still forming the pattern, so if you are to short, then get the highest price possible in the weakest instrument, which would be the Nas.

Better still, take multiple short entries and build your position.
Update
We prolly have completion to the downside, so lets wait and see what happens on the upside. I wouldn't rule out further highs on Dow and S+P poking above the 61.8 but I expect the high is in on the Nas.
 

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