This shouldn't happen. But I imagined it and I thought that I would make it real. The drawing. The market might not agree with me. But I will be looking forward to see any price action that might signal the end of another wave. Regardless of the direction of the future. Easier to draw the past, than to predict the end and the beginning. Of another wave. Of another move. Or another bounce. A rebound. From a level. Or a shape. Or a drawing. I am still exploring the potential of my imagination and this is a new type of approach. Hopefully it doesn't disappoint me.
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Still on the first blue wave.
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Zooming in. Almost a perfect rebound at the ellipse.
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That was a good rebound.
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This little ding dong candle from a bell was a clear signal to manage the potential short position and prepare for any bulls that might come to play. The drop was decent enough to secure break even stop loss or even profits. Are we still on the cyan first wave? It doesn't really matter that much. This can just become support and resistance in the future. As long as we head towards it, in any direction from the future.
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Late update. Zigzag down wave, correction/retracement, a bearish engulfing around the time stamp of the cyan curve and another wave down. The bearish engulfing had a lower high so this could get bearish for a while. Waiting for the next green candle to see how it looks. Don't know if we're dropping for the purple ellipse.
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Bulls are buck after further dropping lower. Next update at the white man time stamp.
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Early update: After bouncing from the green ellipse and following the cyan wave down, the market price bounced from the bottom ellipse and we are approaching the 30 August anticipated milestone from the previous update which was marked at 133.18. Could be a miss, but we already had a high on 24 around 133.5.
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One day later than anticipated with the white man from the last comment with a snapshot. 133.18
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Bounced again from the bottom ellipse.
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Candlestick shadow inside the ellipse that almost touched the white potential trend line. Next day was a green one.
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Snapshot with some pivot points or rebounds at the shapes. Don't know if the thumbs down icon will be hit.
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Looks to be following the general path. Will be interesting to see if it starts pushing higher after the next time stamp.