Looks to me like we are in a complex compression. Originally I thought we finished a double three (Flat - ZZ - contracting triangle) but after the latest upthrust I feel as if we are in a more complex pattern. Thinking we are on our way down to 10k to finish a flat before going 3 up and then working our way below 9k with a zig zag either in a more complex WXY or WXYXZ. Possibly to $7800 or even $6500
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Thinking we are first making an expanding flat and that we are about to go to 9k before a bounce for 3 up. I still think its possible we will bounce at 10k but im leaning more towards an expanding flat.
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Not an expanding flat as B isnt higher then buying climax in phase A so back to thinking 10k will be the flat bottom
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There doesnt seem to be more then one zig zag in a combination so last chart was wrong and deleted. Still learning and trying to understand this pattern. I know we could be "Back Up against Creek" but I feel this correction will take us lower
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Spening as much time as I can outside of work trying to establish an understanding of current behavior. Still thinking we are in a sub wave 2 correction pattern. Thinking Flat - Any Three - Zig Zag Reading "W2 is uaually a ZZ or ZZ combo" With the WXY ending at $6600 is what I am thinking. Targets for W are 9150ish (high chance) and $8400 (low chance)
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Another potential estimate
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My fib ratio's were wrong due to being set to Log scale