IF YOU WAIT FOR "THE PERFECT TEXTBOOK PATTERN" TO PLAY OUT YOU WILL NEVER TRADE. ALTHOUGH, UGLY VOLUME DOES PLAY OUT AND HANDLE HAS BEEN HOLDING - JUST NEED THE BREAKOUT!!!
3 ITEMS TO NOTE: 1.) WE HAVE NOT HAD A LARGE ENOUGH RETRACEMENT FROM THE DUMP. WHERE IS WAVE B????
2.) US DOLLAR INDEX CLOSES @ 5PM TODAY & DOES NOT OPEN UNTIL SAT 6PM NEW YORK TIME. SO, NO PESCKY DYX INDEX TO BREAK MOMENTUM
3.) MARKET TOO CAUTIOUS AND LOOKING FOR THE GAP TO FILL. THIS HAS LED TO ALOT OF SHORTS FORCING A SHORT SQUEEZE TO TRANAPIRE ENHANCE THE RETRACEMENT.
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