Just a comparison to keep check of whats going on here. Personally am looking for a drop after a potential 'B' up but can't deny the similarities so need to keep an eye on it.
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Still tracking this but would prefer to see a bigger ABC down or a bigger dump. Note
Dumperino - still seems similar. (though I still don't buy it - but I'll get out of shorts if we manage to reclaim the previous level) Note
Left it the channel as I had it before - .618 extension of the A to B was hit. You can now see we extended beyond the wave 2 which we didn't do previously. Can probably bin this now - but still circled the bart for comparisons sake - looks more bearish then before. Never really bought it aside from the chop being similar but next move will be key. Must be above 8050 ish. Note
Chucked in a descending channel as well and the fibb extensions from the 3k. Imperfect. But helps line it up. We extended further this time. Note
Doesn't look like this will hold tbh - which is good if so. Fits my original plan (low 7s -.618 fibb area) and this was just a distraction :). Still got a few levels to watch for a bounce regardless.
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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.