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SE ND | Vail,
Don't want to speak for JP, but 318 is the current low of the larger swing. The reason that this swings goal is to trade below it is due to the fact that the previous failed structure was washed by this summers highs and the goal of the swing since then is to make a LL.
As mentioned many times before here...the current stretch from balance, the context of this swing, the "trap door" bottom, and the fact that the big boys don't want others along for the ride all point to a new lows, imho. | |
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