Bearish Shark in the making. Continuation pattern forming
Its not confirmed, but the idea just materialized in my mind so it must be true
Many important lines confluence around ~12k which seems to be target for the 5th wave of this run (1-2-3-4-5 we're doing now is the big third). We also reached our new fib time zone which usually signals entry to another price cycle. It can signal some change in the trend Acording to this, some price correction might occur after reaching ~12k levels This is...
Most likely bear but bull relief target added just in case. If its a flag, capitulation in next months I made some mess above with my EW count (anyway general idea is the same) the count of the big waves as I see it is more like this
But for now, resistance ahead Merry Christmas
Need to defend 7k levels, then we will rush to test 8.5k and possibly 10k levels inverted daily charts with fractal I showed earlier. We might be in similar position
Bounce in development
If we fail to go up here Have not seen this for a long time, but proportions might be just right so lets give this pattern a try
If this works we might see a nice bounce setup had to make another idea with both normal and extended version of this
used time machine to bring you this cant say anything more due to the rules of Time Patrol
Had to publish it as an idea because of its beautiful symetry. Its just an idea from a simple observation though. Would be fun to see it play