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my prediction is that this is going to go to 28 in a few weeks
i also predict it will not again go below 18, before it goes to 28
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this looks like a good time to buy it
struggling to think about stops, though
a stop below any of the bottoms in this chart would make sense
a stop below the 1:10pm bottom would be a very very close stop
but, i'm thinking, even as good as this looks, i'll get stopped out
great looking cascade since 1:55, though
it has made a bottom:
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doesn't look half bad
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starting to look sort of locked in
i'm "buying" (it's a paper trade) a cascade bottom
a cascade is all those red bars in a row
and it has made a bottom
i'm buying a cascade bottom on the daily bar chart
at the top of the page
(it's not officially a bottom until the end of today)
and now i'm buying a cascade bottom on the intraday
one day
three minute bar chart
too!
and look at this
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it bounced off the cascade low
on the 15 minute chart
(5 days, 15 minute bars)
gapped up, even
and now is building a shelf
and, on the three minute chart
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it bounced off the cascade low, and is building a shelf
don't know if this means anything
but it is the kind of setup i've been looking for
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