Targets reached around the 25.2k area taking out an important pivot (Stop Hunt).
This move was a lot stronger and quicker than expected making this the end of a potential 3rd wave instead of a 5th wave previously posted.
The Fibonacci target of the 3rd wave extension was at the 3.618 ($24,700 zone.)
We have posted some bearish divergence on the lower timeframes. So we are expecting lots of consolidation until something develops.
Targets of the potential 4th wave are around 0.23-0.38 Fibonacci
Major overhead resistance 28k-30K.
This move was a lot stronger and quicker than expected making this the end of a potential 3rd wave instead of a 5th wave previously posted.
The Fibonacci target of the 3rd wave extension was at the 3.618 ($24,700 zone.)
We have posted some bearish divergence on the lower timeframes. So we are expecting lots of consolidation until something develops.
Targets of the potential 4th wave are around 0.23-0.38 Fibonacci
Major overhead resistance 28k-30K.
Trade closed: target reached:
Corrective consolidation still playing out! Target zone breached!
We are now watching the 21.5K pivot. Any break below 21.5K I am no longer interested in this count.
Reason:
5 waves have already been completed resulting in lower price action.
We are now watching the 21.5K pivot. Any break below 21.5K I am no longer interested in this count.
Reason:
5 waves have already been completed resulting in lower price action.