I am mapping out the bear scenario.
If we retest 9k and can't break through it, I will move to my alternate count. It will mean the completion of the ABC corrective (upward) wave, and one more leg (wave 5 downward) to 4500s.
There is a very fib line at 9k range that fits many fib scenarios.
First 2 landing zones are 4500 and 2k.
Not trying to poop on anyone's party. Just reading charts (I have had bull counts in my past charts, but now I am trying to be aware of the bear).
If we retest 9k and can't break through it, I will move to my alternate count. It will mean the completion of the ABC corrective (upward) wave, and one more leg (wave 5 downward) to 4500s.
There is a very fib line at 9k range that fits many fib scenarios.
First 2 landing zones are 4500 and 2k.
Not trying to poop on anyone's party. Just reading charts (I have had bull counts in my past charts, but now I am trying to be aware of the bear).
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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.