full view of sub-structure, I believe to be an ending 5th wave diagonal.
Bottom Darkest Red line is my hard stop at this point.
If we reverse, it could be interesting to see what presents to the downside. wick trap or full correction.
As the ticks progress, the probability further reduces.
I adjusted the waves to match exactly the price action history. it helps me modify my forecast and make adjustments to new possible outcomes.
The doji's dilate the time axis, delaying the structure.
watching for a drop below 671 to cancel my forecast idea.
2imnutes left on this 15 minute bar, and volume...
reducing risk is the goal. being so, now is a probabilistically favorable time to watch for a new pop upwards, with trend line as a stop.
long term trend line - support is active in log scale and linear
- Or - An Elliott wave combo about to start wave B up, then end with a C back down(5-10 more years LOL)
Either way, the fibonacci ratio's of 1.618 hold for both prior down swing recoveries.
So if this pops, I would consider 1:1 as likely.
