Blue Fib timeline creates resistance where we swing down. Dotted green vertical lines are half way between our main blue fib lines and indicate a swing up.
This pattern has been spot on since the bear market began, if this pattern continues we will see a downturn on the 26th August till the 21st November when I will be looking to buy again at the 5k range though 3.5k possible, I won't be looking at price, the date will be more important.
Take a look for yourself, using the measuring tool divide the fib timelines by half and half again and you will see patterns within patterns.
Nice one. Your 8878 on 26th of August aligns with my theory that it will start going downwards from there (200 daily SMA)
erolsuleyman
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@EBCO, thanks for taking a look... I turned off my moving averages as it was looking too messy but yes notice the SMA as well, seems to fit in with all the other trend lines. If we don't have the strength to make 8k I think it may just be sideways action till the end of the August, let's see :-)