good evening,
we're approaching a critical area down here - this last leg down should mark a local bottom of this 5 wave impulse.
what comes next will be determined based off how it exits this zone.
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if it moves up in a choppy 3 wave move - ez short
if it rockets out of here, well we just hold on for your dear life.
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mean retracement target = 42.8k
if it pushes above with increasing volume - stay tuned for an update đź’°
we're approaching a critical area down here - this last leg down should mark a local bottom of this 5 wave impulse.
what comes next will be determined based off how it exits this zone.
----
if it moves up in a choppy 3 wave move - ez short
if it rockets out of here, well we just hold on for your dear life.
----
mean retracement target = 42.8k
if it pushes above with increasing volume - stay tuned for an update đź’°
Note
same story with es btw - not making another post for it as my last one is still very much relevant Note
looks like we're going to go slightly lower - watch for 38.6
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the use of this account has been discontinued.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.