The Multiple Rug Pull Setups
If sellers take control implied bear moves are brutal.
SPX weekly chart has built up a huge butterfly pattern.
The implied move of this if it is successful would be a strong move to under 4800 soon and then follow through later. This could be a real rug pull move.
Harmonic reversals are stronger than the legs running into them.
The failure of the harmonic would be a strong bull indicator. A harmonic signal forming usually tells us we’re going to see something crash like (Relative to recent action) or an important breakout telling us we’re early in what is likely to be a bigger breakout.
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