It seems that whenever I spot a classic pattern while trading, they tend not to project as planned... but I spotted this H&S yesterday and so far it's textbook. I don't know where the trade is going from here, but the futures hit it's 100% projection overnight. Let's see how it turns out!
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Yes one of the few times I've seen these classic patterns complete so perfectly.
Here is one with a Fib retrace. If only I went short at that 38.2% mark? :(
This is symbol RGTI with a one minute chart on 2025-10-10...
This is symbol RGTI with a one minute chart on 2025-10-10...
Here's the one from today. I saw it this morning, but wasn't sure if it "counts" since it's not really at the top.
It stopped/bounced for an hour at 100%, but now it looks like it wants to get 161.8%... and, there's also trendline support near 24,800.
It stopped/bounced for an hour at 100%, but now it looks like it wants to get 161.8%... and, there's also trendline support near 24,800.
It's pre-market Friday, and NQ just dropped below 24840... hitting 24831.75.
We're about to see if the market is going to respect that trendline.
We're about to see if the market is going to respect that trendline.
The trendline, drawn precisely from the lows on 10/17 and 11/7 extends to 24800.62.
The market just bounced (a bit) from 24798.5. So far, so good, but it doesn't "feel like" the bottom yet.
The market just bounced (a bit) from 24798.5. So far, so good, but it doesn't "feel like" the bottom yet.
24746 premarket low now. No sense trying to predict the bottom to this one, but some targets are that 11/7 low at 24709, and then somewhere between 24400 and 24500.
With respect to QQQ, we're only down about 5.5% from the all-time high, but these last 2 weeks sure make it feel like a lot more than that.
With respect to QQQ, we're only down about 5.5% from the all-time high, but these last 2 weeks sure make it feel like a lot more than that.
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