Bearish Potential for Banks
I use this index to monitor the U.S. banking sector
A solid break below 101.39 would suggest retest of 89.13.
Alternatively, we can also count pink wave 5 as 3, but looking at the Fibonacci relationships between each sub wave, i think this pink labeling is a high confident count.
some interesting facts:
A solid break below 101.39 would suggest retest of 89.13.
Alternatively, we can also count pink wave 5 as 3, but looking at the Fibonacci relationships between each sub wave, i think this pink labeling is a high confident count.
some interesting facts:
- wave 3 equals to approx 2.618 times the length of wave 1
- wave 5 equals to approx 0.618 times the length from the start of wave 1 to the end of wave 3
- wave 5 ended near the middle line of the uptrend channel
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email：info@ewc.space
Email：info@ewc.space
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