At least keep the range between neckline and top of shoulder
Not dropping so much in May, perhaps in JUN. :-)
BIG DOWN TREND SINCE 2018 Fibo : AT LEAST 0.768 (21600) worst (20000)
HSI now in Elliot Wave 3 (Extension), the trend would move in the gann fan, Tagret would be 32246 (3.618) , 34086 (4.236) and 35223 (4.618), Year High would be reached during Apr-Jun.
Gartley/Crab Bearish seem to be confirmed All the numbers are perfected matched with point XABC now For Point D Gartley Prediction: target 1 : 24127 target 2: 24203 Crab Prediction target 3: 24338 target 4: 24639 (Not supposed)
Using my previous prediction, now it has been reached to 1.618 of CD (23712) (XABCD Pattern) Completion of this cycle. Now I use the AB=CD pattern to predict point D first If AB=CD , point D = 23556 (Already reached) = 1.272CD If CD = 1.272AB, Point D = 23667 (Already reached) If CD = 1.618AB, Point D = 23807 (Possibly) (23807- 23712=95 PTS) If CD = 2.000AB,...
Using Fib Time Zone and Gann Square, both indicate us to know the changing point at 19-Jan Whereas, the rising momentum would be changed, and draw it back to appropriate level, which is 22222.
Just using Gan Fan (Roughly Prediction) 1. 2015-04-28 Gann Downward 2. 2016-02-05 Gann Upward Time Zone 2016-06-10 to 2016-07-26 (Fib-Zone) Extremely find from fib-time-zone are almost top from 1-2-3 (UP-TREND), from 3-4-5 (DOWN-TREND) Thereby, 6-7-8-9 (UP-TREND) Again. Base on AB=CD Pattern (0.62ABC,1.272BCD), then estimate Obviously, 22985 is strong support...
Obviously, I find the pattern based on Point C 1.13AB, where AB = 0.618XA For Shark Pattern there was 4 target 1. 0.886XA (1.23025) -- My First Target 2. 1.618BC (1.22350) 3. 1.13XA (1.22005) 4. 2.24BC (1.20545) Stop loss: 0.236XA (1.25741)
Revised JPY Idea, due to C occurred. base on C point, we be found similar to Shark C = 1.13AB here D to be target 1. 0.886XA 113.070 2. 1.13XA 113.277 3. 1.618BC 113.592 4. 2.24BC 114.122 stop loss, moving down due to trailing of point C. 127.2 (111.974) 141.4 (111.852)
Retracement Point B is 50%. Affirmed BAT Pattern Approx. drop back to near prev. low around 99.63 as point C Target, 1.618 of BC (100.10), max Point D would be 2.618 (100.39) Let see...
Point B retracement to 886 (cypher) Expect Point C would be 886AB = 112.405 Buy in this point and stop loss at 127.2(112.117) Target would be 1.618 of BC (113.479) , which theory target 2.0 of BC (113.731) or max to 3.618 of BC
Point B = 0.618XA (Two way, Gartley/Crab, which preferred to Gartley) Approx predict Point C and D Point C target 0.886AB = 1.07397 , stop loss on 0.886XA (1.08175)
Here is my first time in operating XABCD Pattern Top and Bottom should be near to 0.886, AB=0.5 XA (0.577) *** chosen CD=1.618 BC (1.603) CD=0.886 XA (0.885) *** chosen BC=0.886 AB (0.886) *** chosen Affirmed Point D, and already rebound to 0.382 Next Target 23231 (0.618) , 23375 (1), and final target 23608 (1.618)
Find a impulsed leg from mid of 2015 to first of 2016. and retracement 0.618 in Aug of 2016 also drop back at the end of 2016 Point C: 0.786 (21514) (between 0.382 - 0.886) Affirm point C and predict of point D Two situation 1. Gartley Pattern: 1.618 of BC, 26025 2. Crab Pattern: 2.242 of BC, 27765 OR 3.618 of BC, 31602 Prediction would be effective in 2017
Each Rebound range between 600-1000pt So far the rebound point almost to 0.618 golden-ratio.