If today closes below wednesday's low then the 20th Jan date is negated, next date being 5 Feb before major 13/16th and then onto 19th.
What worried me a tad is the 16th Jan was very similar to the the 17th June 08 date, which turned but then resumed the downtrend, highlighting the point that if you go past 30 days you will do 60 days, and thats what happened there with the July low.
Going back to the 5 Feb date, it just happens to be 29 days (30) from the jan high ?????
Livermore rule never hold much over long weekends, seems a perfect ploy for me at present.
Last weekend i suggested gap fill and waiting till Wednesday for some action which was correct, however im still undecided either way, with stops in place i think and want up :)))))))
Have fun weekend all ad manage the risk to have a great long weekend
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