Market can drop till wave 4 of higher timeframe (blue-slashed line). before bounces in big. It isnt clear yet 100% are we in big bear wave 3 or it was only correction. only time can tell.
tagret is reached ?will see soon. anyway that was heavy move.., must bounce with 4h macd divergence which was formed in main market.
we formed macd 4h divergence. market has to bounce soon. for the case A =C is already completed. even more between fibo 1 and 1,6.
market forms 4h divergence. im expecting soon bounce here.
NFLX drops like champion, if so far can do easy fibo 0,264. NFLX shows in classical way what happens to a bubble stock.
Amd is conform with rest of the market. Drops in WXY formation. makes no sence to catch that knife. Tech bubble loses air very fast. parabolic goes back from peak.
Still speaker formation possible as wave 4. But no guarantee, if market goes on to drop in same speed. Targets for fibo are marked
Market area at fibo 1, looks like WXY formation. Absolutely bear market here. Entery for long makes no sence right now. First must bounce and then enter after topping of wave B of correction (ABC)
next week a bounce at least in 3 waves expected. Very huge development in bear-market so far