This drop today put one more twist in this route, but it's not obvious that blue will win yet. This is because price can still reverse to yellow route. The rule here says until bold black line breaks, yellow should be favorite. This is technically true. But From 1 hour bar, the writing is on the wall that says 3000 won't come until second half of March. Which means that the following retrace should be 2770.
This would be enough to cap the final high at 3666 and force the low to test very long term mean average at 2166. So final stats for this draft are:
- swing up starts 3/20 or later
- with the low coming in at 2770-2790 is BLUE ROUTE
- FOR YELLOW ROUTE, 2870 MUST HOLD FROM HERE THROUGH 03/25
- medium-long math favors yellow
- daily/weekly favors blue
- my call is blue
- there are 2 highs, a May/June high and an august high
- May/June high is 3250-ish (very late May, very early June) same for yellow/blue
- August high is 3658-ish but I chose 3666 so it's easy to remember
- final low depends on high
- if high is 3777+ then low will be 2222-2415
- if high is 3666- then low should come in 2160-2222
- and low should hit before Thanksgiving or 11/25-ish
- this post is labeled as long bc we have to do the +875 first
- but the MAIN IDEA is 1500 retrace (doesn't matter which high 3500-4000)
- in a very small time frame (like 110 days total)
FROM HERE ON OUT -
- chart at top is the ENTIRE RANGE OF 2-WAY VOL
- which means that whatever the final route is...
- will either look like yellow or blue OR IN THE MIDDLE OF BOTH
- in the previous 3 posts, I've thoroughly discussed the data
- for very long, long term, medium term, etc...
- if you want back ground links are on this page somewhere
- but from here on out
- this page is dedicated only to 22-min and 8-min bar coverage
- or daily price action within context of chart at top
- we start with THE BREAK OF THE CURRENT BULL TREND
- or bold black line in chart at top pointing past 3666