Specific pattern from 2016 which can be applied to current case.
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My assumption regarding the Fibonacci spiral is that once the price crosses above the curve - at that certain point in time bulls would overtake the market.
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Impulsive wave isn’t quite over
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This scenario is alternative path market can take. CAN CONTRADICT TO CURRENT IDEA
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Getting closer to general demand levels after which a pullback should play out.
Their graphics are amazing. The studies are very detailed. Congratulations. You are a great trader. God blesses you much more wisely. Thanks for sharing your expertise. We go together
fract
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@ferGOD, I am sincerely happy for those who actually get my methods of asset evaluation.
your targets are reached. you think we see sub 7k?
ferGOD
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Alright, we came close towards that first resistance in what appears to be an ABC zigzag (Wave 4). Was this it? Or is this part of a complex correction? Yes!
I think that we will recover during the coming days.
> Pattern looks done
> Hourly bullish divergence
Targets? Short-term
> $7500
> $7150
This was a complex correction in the bearish trend. It's done now.