View: tf_Megaphone_Top_Jan032015.jpg

tf_Megaphone_Top_Jan032015.jpg

Since Dec. 29, 2014 original post of /tf touching top of megaphone pattern, we've seen an exact double top re-test and pullback lower. Hourly /tf (pit trading hours only) indicates a short-term bottom going into the first full week of trading for 2015. The daily chart indicates bears may have more short-term momentum to push lower. 

Of note, the /tf sell-off stopped at both a 38.2% fib retracement, and at prior hourly structure areas from November and December (http://tos.mx/3hwJ3T)

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