right, It was a major top. EWT, Fib, Squeeze Pro stochastics
Updated
At the last new ATH I published a suggestion that we had hit a major top. That we might continue down for a while... It happen on a 2 hour chart we are in wave c down. PTs in
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
Note
the market continuiously bounces through the PP levels up from S6 through pivot to R6 buy sell/short, buy to close/buy forever, that is my strategy.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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.