I hope I'm not a bother. What do think of this guy's .768 level of ~57k?
holeyprofit
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@ImminentDebacle, In the Elliot rules typically we use the retrace of the second trend leg. Although if that did break I'd also probably look at these fibs myself. But since there'd be a lot of near term momentum up to there I'd be stopping out above the current ones re-assessing there. 2017 was off the 61.8 of that fib set (H-L)
ImminentDebacle
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I'm ready. What is your breaking point high?
holeyprofit
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@ImminentDebacle, 48,500 is the big swing break point. If you draw a fib from the high to low of the bottoming range, this is the 161 level of that. If the bulls hold there, they're strong. But we're inside fake out territory here and if the bears take it back under that level the trending conditions are likely to change notably.
ImminentDebacle
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@holeyprofit That's excellent and I needed that info. But I meant to the high side. What resistance break verifies ATH imminent?