I’ve written about price heading to the mid 4200’s to low 4300’s for a while now. By my count, I’ve written a total of 4 times just in the month of September.
Links below:
Sept 15
Sept 14
Sept 8
Sept 2
The target moved up slightly following the Sept contract change to Dec from 4256 to 4307.50. As the analysis changed, I adjusted my targets. But I must be honest, this has been a difficult pattern to trade so far up till today.
From an educational standpoint, yes, I found some silver linings. Ones in which I feel will end up working in my favor in the future. However, I didn’t decide to write this article to announce to my followers how great of an analyst I am.
I did so to issue a reminder.
When price does finally come into the 4307.50 area…if we bounce impulsively higher in a 5-wave pattern, we may complete an abc correction to the downside and rally for the remainder of 2023.
However, if we breach 4307.50 to the downside for a sustained period of time, and price continues to move through the 4250 level. That is our first big clue (NOT CONFIRMATION) that we’re headed to 3200-3300 MINIMUM IN early to mid 2024...
Just a friendly reminder.
Best to all,
Chris
Links below:
Sept 15
Sept 14
Sept 8
Sept 2
The target moved up slightly following the Sept contract change to Dec from 4256 to 4307.50. As the analysis changed, I adjusted my targets. But I must be honest, this has been a difficult pattern to trade so far up till today.
From an educational standpoint, yes, I found some silver linings. Ones in which I feel will end up working in my favor in the future. However, I didn’t decide to write this article to announce to my followers how great of an analyst I am.
I did so to issue a reminder.
When price does finally come into the 4307.50 area…if we bounce impulsively higher in a 5-wave pattern, we may complete an abc correction to the downside and rally for the remainder of 2023.
However, if we breach 4307.50 to the downside for a sustained period of time, and price continues to move through the 4250 level. That is our first big clue (NOT CONFIRMATION) that we’re headed to 3200-3300 MINIMUM IN early to mid 2024...
Just a friendly reminder.
Best to all,
Chris
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.