Quick post to alert of a possible pullback incoming. We are rapidly approaching a Genesis fib at 2544.51 Its sister fib is what bounced us strong from 2307.19
It is PROBABLE that we get some retrace from it. It is POSSIBLE that to get a significant top here. It is PLAUSIBLE to break and retest to continue.
.
Previous plot of the Big Picture calling for $2700:
Pullback as expected: Did not quite make it our fib, at 2455.41 which is a bearish sign, as bulls are tiring.
.
Zoom in (m3) and add a fib to the dip The first wave ended at the 11.089, which is a golden exponent (1.618^5). Then many pings confirm the full series.
.
Zoom out a bit (m8) and including all fibs: Gives a nice roadmap of zones to watch, and a possible ABC correction with 3 targets, with a "Speed Bump" that must slow the drop.
.
Not
Well that was a disaster! Blew through all of our supports, including our "worst case", LOL.
,
Zoom out a bit (h1) Brings 2307 into sight below, Genesis fib plus local fib doing down.
And just above we have reinforced resistance at 52.36 - 54.75
So now we have clear boundaries to watch. Break in either direction should continue strong.
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.