Supplement to “Springish” idea
At smaller time frame I’m observing an expanded flat with B 1.618 extension of A, and C 1.618 retracement of B.
This increases probability of seeing follow through off the bigger picture spring in the accumulation phase going into an expected sign of strength. My last idea, linked, goes into more detail about that but in summary here are my near-term expectations:
- continuation up to 111
- pullback from 111 to around 100
- if bounces at 100, begin markup to 140 initial target
This increases probability of seeing follow through off the bigger picture spring in the accumulation phase going into an expected sign of strength. My last idea, linked, goes into more detail about that but in summary here are my near-term expectations:
- continuation up to 111
- pullback from 111 to around 100
- if bounces at 100, begin markup to 140 initial target
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