Bearish Cypher Potential $84.50

Looking at the biotech sector etf is showing some weakness. It needs to close above $85.95 to continue the uptrend, and not close below $85.60-85.58. If it does, the bearish cypher set up is showing a return to $84.50 w/ a bearish close..

Currently short

NOT TRADING OR FINANCIAL ADVICE , PLEASE DO YOUR OWN DUE DILLIGENCE

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wow lol are you serious they closed it at 85.57 that was freaking beautiful... now tomorrow is the big day... see ya at the open

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im noticing a head and shoulders on the 3hr time frame. also price action. Also didnt rally w/ the sp500 index and failed to close above the open gap near the .618 fib level near $86.97

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Bulls are looking for a cup/handle... near the .382 fib level and looking for price action to hold. If bears are aggressive and the sp500 index dips tomorrow, bears would look to invalidate the bullish continuation pattern and price action falls to .236 fib level...

I'm not trading for anyone else, just making notes to my own personal trade. Not trading or financial advice.

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double bottom has to hold

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83.50 may give the bulls some relief no guarantees tho

moneyflow_trader

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moneyflow_trader