a projection based on a fractal of 2013 correction after the first bull trap .. note that its H4 vs H8 comparison as timeframes slows with magnitude and the volume adoptio etc..
based on the correction pattern in 2013 we might continue the shake out all the way to 7-8 K range around the 0.618 FIb or go highr from here if the resistence doesnt hold and FOMO kicks in..
based on the correction pattern in 2013 we might continue the shake out all the way to 7-8 K range around the 0.618 FIb or go highr from here if the resistence doesnt hold and FOMO kicks in..
Note
as we are in wave c of the correction .. it is highly possible that there might be another leg down to the 0.618 Fib
Note
great EW prediction by GregaNote
Expecting similar move to 7k $ by tomorrow ONLY IN CASE BEARS TAKES OVER AGAIN IN THE NEXT 4-8 HOURS ..otherwise I suspect 12-12.5K resistance will hold
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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.