TRIPLE TRADES Message Board

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Strategies & Market Trends : TRIPLE TRADES

OPEN 6.920

-9.1%

Nov 4 3:59 PM EST

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To: Bull RidaH who wrote (2727)	12/30/2022 1:09:18 AM
From: Bull RidaH	Read Replies (1) of 4392

SPX - And here we are again… the market sliding 370 SPX points from its recent overnight highs at 4133. What now? An attractive symmetrical triangle has formed, the top line of which halted the advance today. The breakout from this triangle will be a trap, with a sustainable move occurring in the opposite direction. My guess is a break DOWN will occur, below the rising triangle line near 3790. The measured move target will be in the 3665 area, TSLA may help with downside movement, as it’s breakdown currently targets 69.50. Are they ready to announce major (total) production halts due to unavailable necessary raw materials? In any case, once this triangle is broken, I’ll be back with precise projections.

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