Well that was a nice run up.
No break of 4k yet but trying it seems.
I gotta believe we have a pullback due.
So I have marked a few zones of interest, for possible buy-backs.
But if price breaks 3900 (let alone 4k) then the zones will be invalid.
The concepts will still apply, but will need a new Down fib to measure.
.
Background:
This is a continuation of my calculations to find the 'bottom' of the 6k dump, and consider whether it will go any lower or not.
As the dump progressed, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
The as we dumped from 4k ,this Fib came into sight early on
So now that have had a significant bounce, am looking for retrace zones of interest with current plan
No break of 4k yet but trying it seems.
I gotta believe we have a pullback due.
So I have marked a few zones of interest, for possible buy-backs.
But if price breaks 3900 (let alone 4k) then the zones will be invalid.
The concepts will still apply, but will need a new Down fib to measure.
.
Background:
This is a continuation of my calculations to find the 'bottom' of the 6k dump, and consider whether it will go any lower or not.
As the dump progressed, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a top and new bottom came into sight:
The as we dumped from 4k ,this Fib came into sight early on
So now that have had a significant bounce, am looking for retrace zones of interest with current plan
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.
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.