Good time to long a near perfect expanded flat. Expanded flat C waves typically stop somewhere around the 1.236 or the 1.618 fib extension level, and:
-- Volume is increasing.
-- Log chart C wave stops directly on the 1.618
-- Linear chart stops at the center point in between those two at the 1.427
And, we did this before:
May see a wick down to 17.8 or lower just beforehand, but expecting recovery this month.
Linear chart:
-- Volume is increasing.
-- Log chart C wave stops directly on the 1.618
-- Linear chart stops at the center point in between those two at the 1.427
And, we did this before:
May see a wick down to 17.8 or lower just beforehand, but expecting recovery this month.
Linear chart:
Comment:
Area of flat shown without fib extension:
