Market is always in a state of flux and some adjustments have been made as it unfolds. Could it be a bottoming of the corrective phase as we approach the 0.618 level?? Welcome any views even with fundamental inputs. Looks like the fundamental aspect have played out from 2nd half 2022 and are we at that late stage of this phase??
Following up on the recent broader view just posted, the nitty gritty count on the way down also presented the fibo placing which implicate a possible major pivot in the making .
Aussie looks interesting with fibo numbers playing out nicely. We may be very close to a significant pivot given the setting.
Crypto Total Market seem to have a nicely configured fibo set up. Are we in for another run to complete the trend ???
An interesting phenomena should interest CPO traders when Full moon in yellow provides more a buy opportunity and New moon in blue selling . Eyeball the historical event and you should see a high percentage of it happening +-1 to 2 days to the moon phase. One can work on the shorter time frame to get into trades using ones own methodology. Traders who are...
Interestingly a 0.786 wave relation provided another 500+ points rally and falling into a static cycle low with divergences and approach to wave 4 of a lesser degree should grab some attention. 3 years cycle into 2023 still looks quite alive and kicking...don't you think??
The first confluence at 4500 did not materialize after about a 500 point rally. We are at another confluence and at a seasonal low zone.....What are the odds???
After losing 38% of its value from the top and a wave relationship of 1.618 in wave c to wave a at a 38.2% mark in the presence of a divergence. One has to take a closer look!
Following up on the resistance at the upper channel- interestingly, a golden ratio objective appears to cause resistance. Are we at a crossroad???
Upper Parallel Channel displaying resistance from a post triangle thrust lasting 3 years achieving 279% gain larger than '03-'08 bull run of 262%. With a probable 3 year cycle high looming in 2023 , it should draw close attention to market intention amidst the inflationary environment and risks in rising rates.