Watching for this scenario. Either previous support above will become resistance,
or it will show more buying again. So watching that zone.
But looks to me like a wave 3 is done, and a larger wave 5 to come.
Will look to add longs at either 8200 range, or if previous support does not resist.,
or it will show more buying again. So watching that zone.
But looks to me like a wave 3 is done, and a larger wave 5 to come.
Will look to add longs at either 8200 range, or if previous support does not resist.,
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Might have found some support just above 8250 and above 4.618 extension of this micro leg down. But it cut through two other 618's from larger timeframes, so I expect the ABC to continue as planned
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Still on track.
I think one last micro 4 up, then complete micro 5.
The Daily S1 pivot created a bounce, but I dont think it will turn it.
I think one last micro 4 up, then complete micro 5.
The Daily S1 pivot created a bounce, but I dont think it will turn it.
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Almost there, lets see if support holds
Almost there, lets see if support holds
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Some support found at a 7.0 Fib extension
We might see a bit of bounce here, but I think the 8.0 is the destiny
Some support found at a 7.0 Fib extension
We might see a bit of bounce here, but I think the 8.0 is the destiny
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Maybe something like this?
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Ping .....
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
And it is currently at minor support, so it may bounce here.
But that impulse down looks pretty strong and unfinished yet.