So I decided to close my longs at 710 instead of 720. I can also see why this is going down now. Still ..... long term bull prospect. Check below for pennant formation 4H.
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Pennant formation
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CREDITS TO @PRPS AS WELL FOR MAKING ME THINK DEEPER INTO TAs
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Just some important guidelines from the pros : The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1. So I will need to lower my target to the 800 region.
