mi_khan

mi_khan

Just one possible scenario I am imagining.

mi_khan Updated 

If my EW analysis is correct, then we are heading to around 4400. This gives us 78.6% retracement of wave 1, and makes a = c for the zigzag. The channel line is also matching this scenario, This is by no means any advice for buy/sell. Please do leave feedback on your thoughts.

mi_khan

Just some random lines. Let's see how it works out.

mi_khan

It seems like at about 10022 we get at 50% retracement of the wave 1. This aligns with C = 78.6% x A. This would be a good point for the reversal and wave 3.

mi_khan

Made some trendlines with fib levels. Let's see how this works out.

mi_khan

Seems like the correction is going in a triangle (ABCDE) and we are at the end of it. Hopefully we will see a new bullish move soon. (If it's a wave 3, then we are in for a treat :) )

mi_khan

Just made some trendlines for my future reference. It is interesting to see that it touched the lower trendline (diagonal) and bounced back 3 times. It means that it will be hard to break this trendline (marked with orange color). Even if this trendline is broken, we have another support trendline (horizontal - orange colored).

mi_khan

Just re-analysed VIB. At the moment it's in correctional phase, but if my analysis is correct, a major 1 wave is not far away. Then we are really talking about big numbers.

mi_khan

Just some trendlines I drew. Any input on how far the downtrend might be?

mi_khan

what do you think?

mi_khan

Just tried out a little bit of technical analysis of the big picture. What do you think about this scenario?

mi_khan

Might this be close to the real case?

mi_khan

Interesting times moving forward. Any thoughts?

mi_khan

Found some interesting lines to follow. Any thoughts?