We topped where expected (see below) then dropped hard as usual.
Usually a strong wave leads to another wave(s), thus an ABC correction.
Three current possibilities are show, my preference being the middle one.
This is a SLIGHT chance that we have completed the retrace already.
That drop brought us exactly into a strong support zone.
Hit play on Idea below, and notice where the drop stopped.
That drop MIGHT have been wave 4 and starting wave 5 now.
This is a followup to my Top call at 4150-4200:
Prior to that, I was calling for a 3400 bottom:
And thusly found bottoms and tops all the way back to my 7400 top call:
Usually a strong wave leads to another wave(s), thus an ABC correction.
Three current possibilities are show, my preference being the middle one.
This is a SLIGHT chance that we have completed the retrace already.
That drop brought us exactly into a strong support zone.
Hit play on Idea below, and notice where the drop stopped.
That drop MIGHT have been wave 4 and starting wave 5 now.
This is a followup to my Top call at 4150-4200:
Prior to that, I was calling for a 3400 bottom:
And thusly found bottoms and tops all the way back to my 7400 top call:
Bình luận:
Making some progress
Close up shows that the red 2.618 was indeed formidable resistance
Also shows that the red 4.0 was the bounce fib. So now watching the 3.0 for resistance.
Close up shows that the red 2.618 was indeed formidable resistance
Bình luận:
Last drop pretty much cancelled. But now back to the 2.618 as resistance
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
.