There once was a hungry number eating Alligator
Updated
It gobbles down the largest number around. Don't let the food slip from your teeth.
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The Alligator fell asleep for the last three days. The lip has curled under the jaw and it currently eating (smaller time scales). The price is remaining under the teeth (bearish) The fractals on the 30M at the time of this update are confirming a trend reversal (on a smaller time scale) We can see this take us to 368-370 where it will meet resistance from the trend line. If the alligator does not rest and the fractals keep telling us to sell hold your short positions.Note
The food slipped out of its teeth.It appears on all time scales now that the lip has curled under the jaw. We are either going to sleep on a macro scale (Elliot A to B) or drop much more (cascading long closes). I am personally going to short each spike in price as the fractals are all under the teeth.
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The trend is set. If it wasn't obvious already. The fractal closed under the teeth on the 1D and the lip is starting to curl down and cross the teeth and jaw. There is a possibility that we can rest here, but given the fundamentals change I am doubtful this will happen. Additional fractals under the teeth will confirm trend regardless.
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