Follow-up to my previous $2700 call (click).
The uptrend has continued exactly as "expected".
We are now approaching a "natural endpoint".
Natural as in a Wave 5 that does not "extend".
Even if 2700 is not the top, expect a pullback.
Commodities are known for extended wave 5s.
So very possible we go higher after a dip maybe.
$ 2695.15 is a Golden Genesis fib, a BIG deal.
$ 2710.21 is a local Golden and Wave ender.
$ 2762.41 is the medium-term Wave ender.
===========================================
.
The uptrend has continued exactly as "expected".
We are now approaching a "natural endpoint".
Natural as in a Wave 5 that does not "extend".
Even if 2700 is not the top, expect a pullback.
Commodities are known for extended wave 5s.
So very possible we go higher after a dip maybe.
$ 2695.15 is a Golden Genesis fib, a BIG deal.
$ 2710.21 is a local Golden and Wave ender.
$ 2762.41 is the medium-term Wave ender.
===========================================
.
Trade active
BOOMTarget HIT and testing the resistance.
Zoom IN (M15)
Definitely chewing into that resistance
$2695.15 is the BIG one here, Golden Genesis.
Such a high graviity fib should hold ius in orbit.
Lets see what US does on this Friday session.
.
Prepared for a pullback here.
==============================================================
.
Trade closed: target reached
BOOMTarget hit! Heads up here bulls
.
Zoom IN (m15)
Almost hit the top bound but it is too hot.
Scalpers should be taking profits in this zone.
Holders may sell some, look to buy back lower.
.
So we will be watching:
$ 2712.88 for high support.
$ 2695.15 as a MUST-HOLD
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.
Trade active
TOPPED ????Stabbed thru the top, BUT....
Zoomed in (m15)
We got a Bearish PING on the top bound.
As in "Give me a Ping Vasilly, One Ping Only".
.
Zoom in MORE (m5) and adding a fib to the last dip:
We have a couple of targets to look for:
$ 2719.62 is first guess for end of this first wave.
$ 2709-2710 possible overshoot and should bounce.
.
Let's see what next week brings.
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.
Note
TOPPED indeed:We were probably topped before election,
Trump win pushed it over the edge it seems
I will post a new idea with bounce targets.
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.