Left chart illustrates each cycle adjusted for their July reversals - looks like we're on track
Right chart illustrates the 0.5 fib reversal that each cycle seems to touch & go. Placing the 0.5 fib gives us a 1.0 fib as a target. With the 0.5 fib at 27.7k, this predetermines the top at 243k.
See related ideas '259k bullmarket top & how' for a little deeper explanation on why I think the 0.5 fib should be placed at 27.7k.
Right chart illustrates the 0.5 fib reversal that each cycle seems to touch & go. Placing the 0.5 fib gives us a 1.0 fib as a target. With the 0.5 fib at 27.7k, this predetermines the top at 243k.
See related ideas '259k bullmarket top & how' for a little deeper explanation on why I think the 0.5 fib should be placed at 27.7k.
Trade active:
Synchronized social media outages - wouldn't be in any leveraged positions right now if the outages stretch beyond social media.
