I believe it is possible we are in a similar to that of 2017 pre market explosion and are currently seeing the last red month before 3-5 sequential green ones.
- broke and heading down to retest the 85.13 level, a bounce here similar to that of 2017 will send the market into the next explosive wave upward!
- lagging span on in a similar position on the two fractals, a small drop before the next move upward
- Chop zone indicating our most months are yet to come
- Expecting one last drop down to 38k to find support on the conversion line before the bottom is in for this month
How did I calculate the targets
1. Found the ratio between phase 1 of each
= 1698%/982% = 1.72x = 1:1.72 in compariosn to last
2. apply the ratio to the next move up in comparison to last explosive move phase 2
= 298% * 1.72 = 512%
The result would mean we could see a move up to $400,000 usd
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