This fib series has been in effect since the drop from 7400.
The recent moves up have been in sync especially around band 3.
Relvance of Band 3 was confirmed by the small rejection at 3.618.
Requirements:
1) The 3.236 at 5836 needs to break, will probably reject first.
2) If 3.236 is retested, it must bounce precisely and not return.
3) If 3.618 breaks, then we can assume the top is in, look lower.
Prevous Analysis with alert about 5650
The recent moves up have been in sync especially around band 3.
Relvance of Band 3 was confirmed by the small rejection at 3.618.
Requirements:
1) The 3.236 at 5836 needs to break, will probably reject first.
2) If 3.236 is retested, it must bounce precisely and not return.
3) If 3.618 breaks, then we can assume the top is in, look lower.
Prevous Analysis with alert about 5650
Note
Currently Ping-Pong-ing within Band 3 .
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
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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.
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.