Kreslik.com - traders community since 2006

I see a broadening pattern, tough call here.

I managed to catch the 50% retrace but made a stupid mistake of having a bias to fill the gap when the market opened. I managed to cut back the losses. Live and learn... again.

Looks like the 840 might be tested again. Moment of truth or toothless? I'm still watching for the possible fallout here, volume seems to be dragging.

835-840 look like strong resistance area. I'm watching for breakout or failure here.

Strong comeback late afternoon with good volume. 825 was 50% retrace but that's been broken. But I still see the wedge on daily setting up here correct?

Looks like Head-and-Shoulders will meet target faster than expected.

I can only see a range building in the 825-838 area. I'm staying out until the break up or down from this range.

wow. That triangle pattern i missed drawing out had a target at 819, it hit it and reversed, was the low for today so far. Dang!

Looks like this falling wedge is in full swing now. With the gap down this morning, might be a start of it. Good eye, humble!

I thought i almost filled the gap today but stopped dead at 827 and turned up. I'll be watching for that again. There are not many times that we see gaps get half-filled eh?