ALRIGHT, I got so excited when I saw this but who knows how it will play out.
If you zoom into where we're presently at, you'll see a fractal continuation of bull penants and ascending wedges that are sequentially getting smaller. It looks like we are approaching a big, deciding moment now. PIVOTAL, if you will, lol. This might actually be where the correction...
instead of an abc correction this could be a 1-5 bearish wave count trend reversal. I say this because the market is way past abc timing. if this is the case market could dip to 7k (and below) as wave 1-5 timing goes on until feb 8th/9th. however it is currently testing a major line of support and I'm not crazy about the current wave counting but trend based ...
Well, actually they do tell, that the ETHXBT ratio just entered another period (2-3 weeks) of constant rise up to a top around 4200. Khundicator says, try to enter around 2440-2540 and ride this thing aaaaall the way up... New "ATH", we are coming.
Target: 4200
Happy Tarding!
Above is a daily chart of the S&P since the beginning of its apogee phase.
Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound.
Two Fib time zone patterns starting from the same low date of Oct 15 2014...
