[vudragon]

My Short Hedges are below 8500 and around the 8712 target.


Edit: 8560
Looking at the recent bounce off of 8552 and the previous 2 lows of the potential TL from the little consolidation period of the past session til now.. ..cable might not be going any lower.. (referring to hourly chart) cable has been making a Symmetrical Triangle from the 8616 high and 8534 low from the previous session. ..also a main reason I say it is going higher.

I just took out a small Long just in case my 8525 is not filled.


Edit: Impluse from 8469.
Am anticipating Wave 4 to begin at approx 8670ish prior to completing Wave 5 around 8720/30 due to the Symmetrical Triangle developing in the middle of Wave 3.


Edit: 8550
Was a little supprised that my 8525 Long was actually filled... but it is a good thing as long as 8515/10 does not break... The Symmetical Triangle now looks like a potential Flag formation, for those of us who are Long.


Edit: 8568 ~9:30am CT
With the potential Flag formation converging with the previous Symmetrical Triangle, this might be the last opportunity to Short w/ a tight SL if you want to go short...

There is a chance for cable to either move back towards 8530, which would prob be the last chance to go Long w/ tight SL.

...or Cable could simply finally break north from here. It first needs to take out 8580ish then 8600/10 (which is where I still have Long additions waiting for it.

GL all.


Edit: 8573
On a break of 8580ish, one of my Short Hedges will be Stopped out with minimal loss. The final hedge would be Stopped out on a break of the final resistance on move towards at least 8670ish.

..Word of encouragement to those currently Long with me. ..well at least am conforting myself in a sense:

Last 2 4hr Candles look like a Harami Cross/Dragon Fly followed by a Hammer bouncing off of the 8520/15 support.

The Daily Candle looks like it might be working on a Dragon Fly or Hammer as well.

The Daily Formation looks a lot like a potential Accending Triangle since the first breach of 8600.

BullBear Trend has Bull Trend ticking up in the top horizon and Bear Trend Ticking up form the bottom horizon.

MACD-Histogram in top horizon and ticking up. MACD line has crossed above its Signal line.

True Strength and Stochastic Momentum have both lines above Zero line and have positive slope.

..So buckle your seatbelts and enjoy the ride