When I made the first post about this chart, it was primarily to highlight that we were about to break out, and shortly after, we did exactly that. However, I didn’t do a good enough job explaining my thoughts on a potential top or providing a clear selling signal. So, here’s an updated chart with confluence from the last cycle.
My ideal selling zone is between the 0.786 and 1.618 Fibonacci levels, with the estimated timing window between February and October.
Personally, I entered at such low levels that I’m unsure how much profit I want to take before February, as I don’t expect prices to drop below the November 4th levels.
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