THE CHART EXPLAINS IT ALL SO I DONT HAVE TO EXPLAIN IT HERE!:) ENJOY!
MOVE INCOMING WHEN WE HIT THE PIVOT 2.618! BE READY!
HERE YA GO! IM a boss at fibonacci time analysis, take what you want from my analysis and confirm it with yours to get the most accurate trading positions. enjoy peops!
So the bullish option is as followed and rather simple guys, for the bearish option counts and analysis they are posted above somewhere. But this says further down until we hit the 618 from this 1.618 low then we put in a big third wave up to exceed our current highest high, then correct and finish with an extended 5th wave to 21-22K
After overshooting the 1-1 by around 10-20bucks, we are getting the relief buyers coming in. I see 3 scenarios playing out right now within the next 12-36 hours. Either that was it for the correction drop, Or it will come down and liquidate more longs . The potential bad news is if it reaches all the way to the 1.618, THAT MEANS WE HAVE JUST STARTED A LONGER TERM...
THIS IS THE TWO BIG FAKEOUTS!!! ONE FAKE OUT DOWNWARD BREAKING THE TRIANGLE TO THE DOWNSIDE! Then we will pump and break the high to hit 21-22K aAnd that is when we will see a HUUUUGE SWING FAILURE PATTERN that drops us down to 15.9K
THIS IS THE MOVE THAT WOULD REKKKKK THE MOST TRADERS IN BOTH DIRECTIONS.... ENJOY!!! 2 SCENERIOS
Bullish on the scalp 30 minute time frame but that doesnt mean we couldn't drop 50-100 bucks before we continue higher, I believe we test the topside of the range again, 19600 is the target for now.... will update.... FYI IM NOT NO ROOKIE, THIS IS MY NEW PROFILE! FOLLOW ME
On a drop 1 of sequential on 4 hour, smaller time frames have 4 correction for some upside. Im still bullish for 20k once again! ALSO HERE IS YOUR 1 HOUR- 4 HOUR PITCHFORK SUPPORT/RESISTANCE! ENJOY! NEW PROFILE!