So - this just shows me how much i have left to learn! A million questions but the main one is what conclusion you drew from it?
FibnFork
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@tigerpause, Well, with the 4th wave potentially in place, and a nice inverse h&s potential reversal at the bottom (has made inverse H&S on previous bottoms if you want to look) i'd expect a 5th wave from here. With a sub 12345. Impulse off the bottom is always a good sign
tigerpause
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@Chalfie24, very interesting. I'm finding the charts highly conflicting at the moment. My gut says up but the patterns on the 1h and 4h say down. I suspect what is happening is that the 0-4h charts are cycling down but being overpowered by a very large period chart?
FibnFork
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@tigerpause, A key level for today will be if the daily candle finishes above the 200DMA or not
tigerpause
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@Chalfie24, well that's reassuring because i've put a breakout buy order in just above that level :)