Despite the formation being a signal, i do have my concerns about the overall price point in which it completed. Therefore I'll be looking for a break of it's lows & confirmation that we indeed have a legit move. If this were to happen, it would open up about 500 pips of potential selling opportunities down to the level where I would expect buyers to be interested once more.
Needless to say this opportunity is one that is heavy on my radar as both a swing trader & a day trader.
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"Win or lose tonight, my hometown of Philadelphia, PA will most likey be torn apart after tonight's Superbowl"