Supporting my Fractal Primary scenario of the Mt. Gox General Corrective cycle I've put together some tentative targets for April. I'll update accordingly as things progress.
Will be interesting to see how things move forward from here. 1st stop, $7,500 on this bear flag bounce. Then some more shorting opertunities to $6,200 to $5,800 area before what I expect will be another bounce albeit a rather energetic one if the wave 4 is sharp in contrast to the wave 2 as often seen in EWT.
I hope you find my observations and ideas helpful to your perception of the market space!
Will be interesting to see how things move forward from here. 1st stop, $7,500 on this bear flag bounce. Then some more shorting opertunities to $6,200 to $5,800 area before what I expect will be another bounce albeit a rather energetic one if the wave 4 is sharp in contrast to the wave 2 as often seen in EWT.
I hope you find my observations and ideas helpful to your perception of the market space!