ETH about to bounce from 180-190 area?

8 Eyl 2018

Just a quick look at Fibs pointing to a bounce due for ETH

8 Eyl 2018

Not

Big picture perspective, showing the fib extensions I am using.

8 Eyl 2018

Not

9 Eyl 2018

Not

Well, here we are at the top of my guess for a support zone. Bounce a bit off the very top boundary, would be nice if that was the low, lets see.

9 Eyl 2018

Not

I min chart lol. Jambed SL and slightly better than BE. Now we need to break that -.236 extension to prove this not a dead-cat bounce

9 Eyl 2018

Not

Trade still alive, attempting to break that pesky -.236 extesion. SL moved to just below the next fib.

9 Eyl 2018

Not

Argh, was not able to break above the .236 EXTENSION before falling back the 1.0. so I have moved SL to just below the .236 RETRACE price, because I think this bounce will fail

9 Eyl 2018

Not

Wow, nice bounce. but might be ready to pullback.
I closed 30% of position at the -3.236 extension (common end of an impulse).
Have remaining 70% with SL just below the -1.618 extension (common retrace).
Now to gauge the retrace, am looking for an ABC structure, will update here soon.

9 Eyl 2018

Not

ABC correction has started and seems to be following the rules.
I am hoping the 1.618 extension, $200 price, and Wave 4 start zone holds

9 Eyl 2018

Not

ABC retrace following the rules

9 Eyl 2018

Not

Possible path to 220 next