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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: humble1 who wrote (36602)11/25/2021 1:26:26 PM
From: Tweets Boar Hog  Read Replies (1) of 36784
r2k has been basing sideways for a long time.

Almost a year. The bullish side is that it has been priming itself for a good move upward. And quite often the ensuing move up starts, and then retraces to the upper support level of that sideways move.

And if we look at the last 4 months closely, we can see we might be looking at the beginning stages of a parabolic curve upward, look at the pattern of the lows.

I am thinking it will be sell in May this year. There appears to be a lot of mo mo behind this market right now.

One possibility here for me is r2k is in the very early stages of a 5th wave up, off the 2020 low, and it will be a ripper. The best for last.

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