We're finally starting to get some movement in the market, and it happens to be down. The anticipation of a bull break was always out of the question and now we are looking for targets to satisfy and end this bear market. 3K seems to be the perfect price, it not only has major fib confluence , but market and price confluence there as well. I wouldn't be adding just yet, even for my proposed 4th upward move. Grab some popcorn adnd sit back and watch.
@alkarahaha, Bro look at the date. It belongs to Nov 20, 2018.
SNOGY
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would it be a correct reading of the chart if we said you are looking to get a bounce back to the 5500s before further move down?
toaby
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@SamYilmaz, IF this this low holds, yes , I would look for the .786 from our 2nd to the 3rd.
SNOGY
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@toabyt, Roger that. 4250 seems to be the decision making point for you then, if sustain a meaningful time period below that level, then not likely that we will climb back up to .78 of that interval.