We got a developing Williams Fractal set of two consecutive Williams fractal highs with flanking fractal lows (pink boxes with outer casing in yellow). The current fractal low has yet to complete. There haven't been many set-ups like this since December 2017 highs. So I'm thinking turnout could be either like scenario A, B, or, C on the chart.
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Comment:
It is possible to get more than one consecutive Williams Fractal high or low but none since December 2017 highs.
Comment:
Check this out. Take a Williams Fractal high and then note the days after when you get both a red candle in bitcoin as well as gold. I think you'll find that this drop is not going to end with a low today but most likely tomorrow, and at most the day after
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Comment:
My analysis done using the chart of gold that we would see a lower low yesterday July 11th did not work but we now have the MACD confirmed below zero. Could this be the first time we see a fractal low below the pink square and not spiking a lower low than the previous? Would that then confirm a break in this patterns stat? Time will soon tell.
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Comment:
The only positive for Bulls could be that the MACD and histogram may be down but the histogram is still above zero, and maybe on a day like today July 12 the market could put in a performance like on May 3rd.
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NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.