I believe we are at a make-or-break level currently.
The fibs and EW patterns point to one more leg down.
But bulls have one last chance, if they can defend the green zone in my chart.
We look to be in a wave 5 down.
If so, I am looking at three target zones.
I will post a bullish scenario, if the invalidation zone is surpassed.
The fibs and EW patterns point to one more leg down.
But bulls have one last chance, if they can defend the green zone in my chart.
We look to be in a wave 5 down.
If so, I am looking at three target zones.
I will post a bullish scenario, if the invalidation zone is surpassed.
Note
At a resistance, clearly defined by fibs Note
Updated resistance zones Note
Flirting with resistance Note
Nice stab through resistance Note
Bull trap with wick above resistance? Note
6520 might be next support before the critical zone Note
wave C (micro) looks to be under way Note
still looks to be on course Note
Well, it took the long way home, but came around to test 6522.Got a decent bounce off that zone, lets see if it holds
Note
back to the main chart, that crucial support seems to have held Note
Here we are finally, bounced at the 5300 support forecast over 6 weeks ago Note
Zoomed in on the Target zone: 
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.