Just my rough guess of what will happen for the remainder of 2018 and most of 2019.
That pink trend line has been going from September 2015. Meeting that at the grand fib #5 of this whole move. AND the bottom of this falling wedge.
Seems like a great place for a true bottom to me!
That pink trend line has been going from September 2015. Meeting that at the grand fib #5 of this whole move. AND the bottom of this falling wedge.
Seems like a great place for a true bottom to me!
Comment:
Rejection at the top of the trend line and still well within the wedge. Volume has picked up a little but I'm still expecting a huge capitulation week in the "near future" (1-2 months)