Watching for this scenario. Either previous support above will become resistance,
or it will show more buying again. So watching that zone.
But looks to me like a wave 3 is done, and a larger wave 5 to come.
Will look to add longs at either 8200 range, or if previous support does not resist.,
or it will show more buying again. So watching that zone.
But looks to me like a wave 3 is done, and a larger wave 5 to come.
Will look to add longs at either 8200 range, or if previous support does not resist.,
Note
Wave 4 went a little higher than expected before dropping.And it is currently at minor support, so it may bounce here.
But that impulse down looks pretty strong and unfinished yet.
Note
Might have found some support just above 8250 and above 4.618 extension of this micro leg down. But it cut through two other 618's from larger timeframes, so I expect the ABC to continue as planned Note
Still on track.I think one last micro 4 up, then complete micro 5.
The Daily S1 pivot created a bounce, but I dont think it will turn it.
Note
.Almost there, lets see if support holds
Note
.Some support found at a 7.0 Fib extension
We might see a bit of bounce here, but I think the 8.0 is the destiny
Note
Maybe something like this?Note
Ping .....
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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.