Copy of and old private poste on 24 september
our black A is our first big move down.
From there: What I think I see now is a movement from point A to point B. I suspect that a 3 movement UP is forming there. and then we go back down in 5. This is the red Arrow that you must follow.
in that case we have formed a zigzag 3 - 5 - 3
The blue arrow... could be the last move of a 5 up on a lower timeframe. Nl on the one hour chart. I don't see any divergence there yet, so somewhere I expect the latter too... I expect a real reaction in the yellow box.
the blue small print (i,ii,iii,... should represent the 5 moves up with a fib retracement respectively. Ideally we see that last move up occurring between 285 and 270 or in other words at the latest a response to the 0.50 fib retracement of the last movement up (equals the blue small print)
Today:
still the same
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