Just a guess/idea. We drop to 08 levels as far as % down from ATH and then bounce and slowly climb and recover
We could be bottomed and recover or... wave 5 could have 1 or 2 more surges down before an ABC
Noticed we closed yesterday at an old resistance point. Followed it back to find it was a wave 3. With a fib retracement the 1.68 landed exactly at where we began our correction. Elliot wave looks to have us in another wave 3. With a retracement, actually we are in a wave 4 about to go into a wave 5. With a retracement fib shows us the new target. SPXL load the...
December 18th best guess 83k - tbh have no idea what I am doing but based on previous fib this could be possible
Hits 1.68 fib perfectly, let's see where newest fib predicts this thing moving to
Solid support and resistance points where price has moved double to triple in matters of four to 10 days.
Here were my notes "RSI looked good, below 100 and 200 EMA, hitting a support, waited for some reversal, still looked a bit questionable and missed a couple times on stop limit buy i believe due to volatility and it triggering above stop buy even though i put in for order when it was below it spiked up, did good to wait it out"