Good afternoon everybody!
I had spotted this and thought I would share it with the community. Just be careful with the double top scenario. Keep in mind last year we had the same conditions in the same month, before we plummeted to the bottom. Market makers are aware of this as well...so they may pull a fast one; as most believe we are going down further.
Keep close eye on this trade as these are inauspicious times.
Cheers!
I had spotted this and thought I would share it with the community. Just be careful with the double top scenario. Keep in mind last year we had the same conditions in the same month, before we plummeted to the bottom. Market makers are aware of this as well...so they may pull a fast one; as most believe we are going down further.
Keep close eye on this trade as these are inauspicious times.
Cheers!
Comment:
Comment:
Just be aware that this could bounce at any moment. The daily has a bullsih divergence and that means that this could bounce in a heart beat.
Comment:
Comment:
Wait for it. Short.
Comment:
Inverse cup and handle, this should be the end of wave B and a bounce up to C wave at 9476.00
Comment:
OK, what we have is a simple zigzag formed in the handle. what isn't simple is where C wave will end. However the targets for C wave are on average between 61.8% to 1.618% of wave A. Looking at the indicators and time frames, my guess for wave C is most likely going to be $7264.00, which is just past 100% of wave A. The idea is also supported because this is the pivot point.