Two scenario that could happen as we are now in a big dip
One thing for sure the big correction is aiming for the support or growth line all the way from an even earlier cycle and we will fall back to that line before we can do up. Either we have a really hard drop straight down onto it or we are going down slowly and meet up with the line.
- Bad one is a free fall all the way to 43500 area
- Mild one is to 47000 but means a lot of days going sideways moving up and down meeting the line
- Bad one is a free fall all the way to 43500 area
- Mild one is to 47000 but means a lot of days going sideways moving up and down meeting the line
Comment:
It touchdown, went through the bottom and touch the Bad scenarios very likely to go all the way down over the next new days.
Comment:
Looks like we bounced from the bottom but still moving close to it, so now depends if we shoot up or keep moving sideways down.
Comment:
Looks like we are in the down channel following the arrow down
Comment:
Now stuck in a triangle which decide the path of either up or down, either the ceiling reject and we go down or it fails and we go up.
Comment:
We are now in an uptrend channel moving to the top of the downtrend channel ETA 10am 12pm UTC 27 March and depending on if we bounce down from there, we can confirm if we are still in a down trend.