The follow up of this projection. This past post is full of informations that I wont repeat here again :
Its time to name this structure. Ive talked enough about my doubt of a major impulsives waves pattern. It doesnt fit. But the good news is this projected finish right at the same spot as if it was a major impulsives waves i.e. if point AB was 1-2 the wave 3-5 would end near the same zome.
Normally C is 1.618 wave A or beyond and it ends right at the resistance
Daily ----- Right now, price fight the MA100 zone :
4h ------ For now the 4H looks like it needs to colddown a little bit. Ive highlighted here a potential reversal zone :
Subsequent updates will follow
In fact, it will be perfect to continue the dip a little bit lower near 6225-6285. We should see a spike in volume at B (where the supports at) :
now it seems that the market react accordingly to this
In fact, it will be perfect to continue the dip a little bit lower near 6225-6285.
Now lets watch
Anyhow, Once I'm all set up here @ work, I'll link one just to show you what I'm talking about. I don't do very well explaining it.