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Confluence V5

By mrmtech
Updated
Continuation of version 2 revised version 4
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incase your wondering i've been bullish since we broke 12196 historic resistance
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ive had to re-adjust this fib circle 2 times since the last bubble (hence v3 & v4 which were continuations of v2 but had incorrect drawing of this last fib circle) for the current bubble
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fib line adjusted
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possible rising wedge in play here:
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rising wedge adjusted..
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tp for rising wedge met.
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if bulls cant push past 51086 -- then bears will maintain control..
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bulls took control but another massive rising wedge in play here..
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bears push bulls out of rising wedge structure.. crucial defense needed here by the bulls or else more downside
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if bulls dont step up in the next week more downside as bears take control.. next tp around 29750
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TP of rising wedge structure met. can the bulls push past this resistance 46958? if so next tp 51086 other wise a retest of 43033 which MUST hold otherwise more downside action
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