IMPORTANT MESSAGE WITH FIB's With Two Possible Scenarios
The FIRST scenario is the one I've mentioned in previous publications that indicate we may "possibly" already be in accumulation. I've pointed out in previous publications with Moving Averages that we "MAY" be in accumulation and have already seen our buying climax.
HOWEVER, When looking at FIB's rather than moving averages when comparing to "history," we must consider our "Buying Climax" may be prolonged and we may potentially fall further down to as low as $2,561.78 for the bottom of our "Selling Climax" and flow into an accumulation range a bit lower than the one pointed out in previous publications.
I will leave a link (below) to the publication I posted on MOVING AVERAGES.
HOWEVER, When looking at FIB's rather than moving averages when comparing to "history," we must consider our "Buying Climax" may be prolonged and we may potentially fall further down to as low as $2,561.78 for the bottom of our "Selling Climax" and flow into an accumulation range a bit lower than the one pointed out in previous publications.
I will leave a link (below) to the publication I posted on MOVING AVERAGES.
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Thought I would add a visual of the FIB's in case some were interested about coordinates on some of the FIB's.
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Thought I should include the FIB's for the previous distribution period before flowing into accumulation in case you need more explanation as to how I came up with the FIB's.:
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Pardon me, but one more update to show the "Trading Range" IF we do NOT fall below $3,122.28.
