The attached chart is the way I see the structure playing out. Based on the havening cycle THE top should come in later this year or early next. While I know there are a lot of Bears, the charts found support EXACTLY where they should have. I personally never thought we would have sank to 30K, but when seen in hindsight, it makes all the sense in the world. The secondary Fib overlay is drawn from our 65K high down to the 30K low, placed next to the Primary Fib retrace from the 2017 Bull to Bear correction low. What is important going forward will be strong areas of resistance for the Bulls with Fib Confluence #2. In my opinion, the line in the sand for the Bulls remains the area between 28.8K-30K to defend. If lost, then Bears snuffed out the Bulls.
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