proofofsteak1

proofofsteak1

a WXY or is the correction finished? Probability is more on a longer WXY. Rejection at X will give clear indication

proofofsteak1

looking at it as simple 5-3-5 ABC rather than making it complex. A bullish divergence from wave3 to wave5, confirms end of this correction from 20K.

proofofsteak1

worse case senario. I wont be surprised if it plays out. Save fiat and wait is the mantra.

proofofsteak1

bouncing off 200MA, golden pocket and oscillators bullish. Atleast expect to touch top of the BB band before deciding further action, unless Covid kills us all.

proofofsteak1

presented without comments

proofofsteak1

Let see if the handle breaks out

proofofsteak1

If followed previous FIB pattern, target around 1.618 FIB. OBV is bullish while MACD and RSI are lagging behind.

proofofsteak1

bounce at 200 DMA or bust and rebound

proofofsteak1

may be one more leg down to touch 100/200 DEMA? handle looks good and could pump with volume.

proofofsteak1

RSI topping and cup/handle guys. lets wait for the handle and breakout with volume

proofofsteak1

either rechecking the trend line or going down as the oscillators suggest to the green boxes which have significance in both golden Fibs and PA in the past

proofofsteak1

a little down to touch 200dma and to the moon until corona kills us all

proofofsteak1

resting at long term 0.786 fib. bearing oscillators suggest one leg down to test long-term and short-term golden pocket which aligns with 100/200 dma

proofofsteak1

still on track to 0.786fib and a wick to 100/200DMA

proofofsteak1

resetting indicators. if this daily becomes engulfing then pobably pump to golden pocket

proofofsteak1

still waiting for golden and 200MA touch

proofofsteak1

at trendline and 50fib support and rejected at 0.3fib. all the oscillators lean bearish. for now neutral until volume picks up

proofofsteak1

Lets see if it reaches the green box. Below the trend line means, this uptrend is over.