The 7 Samurai that Signaled the Sell Setup in the Market – T3 Live
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The 7 Samurai that Signaled the Sell Setup in the Market

In this video I walk through 7 compelling signals that combined for a market selloff on Thursday.

  1. A Rising Wedge
  2. A kiss off at the 200 day m.a.
  3. An NR 7 Day (on Wednesday)
  4. 5 waves up from the Christmas low
  5. A 60 day cycle that has been exerting its influence for a year most recently at the October 3 high and the Dec 3 high and pointed to early Feb as a turning point
  6. 7 weeks up on the Weekly Swing Chart without ‘breathing’/pulling back.
  7. Thursday’s Breakaway Gap

We also define the 2 regions of support that should come into play with the likelihood of Moving Average Pinball playing out with a move off the 200 day leading to a test of the 50 day moving average.