The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale
הערה:
Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
הערה:
Channel was moved by mistake
הערה:
Thinking we might see a triangle here before the last big move down which I think will be more drawn out compared to the rest of the correction
הערה:
Estimating a relief bounce to 7640
הערה:
Thinking we need to scrap along bottom of channel before bounce
הערה:
Target reached.
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market
הערה:
Current Estimate
הערה:
הערה:
Triangle Estimate
הערה:
Feeling my triangle estimate is too compacted
Alternate estimate
Alternate estimate
הערה:
Current Estimate
הערה:
Current Estimate
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600
הערה:
Still my current estimate
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me