I definitely saw the 220-230 coming, although I was expecting an immediate 167 correct.
What I see now is not upward momentum (if it does, expect 250 ceiling.)
What to expect, imho:
180 correction
-Fibonaccis 161/261 project 180 area
-Fibonaccis trend start / trend top project 180 area
-Moving averages, down the the slowest, pass through 180 area
-More chinese buyers/sellers, market will flood pending sell orders
-Potential panic from people short holding, to add to the "pending sell" orders
It could tank as low as 167, I hope.
But most likely 180 is the area to re-enter and buy in again or just buy in for the first time.
Thoughts?
What I see now is not upward momentum (if it does, expect 250 ceiling.)
What to expect, imho:
180 correction
-Fibonaccis 161/261 project 180 area
-Fibonaccis trend start / trend top project 180 area
-Moving averages, down the the slowest, pass through 180 area
-More chinese buyers/sellers, market will flood pending sell orders
-Potential panic from people short holding, to add to the "pending sell" orders
It could tank as low as 167, I hope.
But most likely 180 is the area to re-enter and buy in again or just buy in for the first time.
Thoughts?