good morning,
was taking a peak at this count one more time, and i think it's very apparent that it's playing out as a vast array of 3's in this local area, rather than 5's
which is highly indicative of corrective movement still, despite the recent rally to ath's.
there is a slim possibility that the correction i am sharing here has been completed via this alternative 👇
, but my primary remains to be the same - where we still have one more leg down in this larger accumulation phase before the real parabolic rally begins \ rips the faces off all the bears.
this last dip would also be the final back-test of a 12 year algo target which i have talked about in very much detail in my 12 year count.
we could stay up at these levels for awhile longer, since the majority of open interest on most of the option dates is bearish - so expect more chop than conviction going forward.
---
from my experience, when the majority of the market is bearish - we move up\sideways until all of the bears forfeit their positions
and when the majority of the market is bullish, we move down until the majority of the bulls forfeit their positions into the hands of market maker.
i'm not bearish nor bullish at this time, just patiently waiting for this potential corrective phase to be done with.
trade safe out there!
was taking a peak at this count one more time, and i think it's very apparent that it's playing out as a vast array of 3's in this local area, rather than 5's
which is highly indicative of corrective movement still, despite the recent rally to ath's.
there is a slim possibility that the correction i am sharing here has been completed via this alternative 👇
, but my primary remains to be the same - where we still have one more leg down in this larger accumulation phase before the real parabolic rally begins \ rips the faces off all the bears.
this last dip would also be the final back-test of a 12 year algo target which i have talked about in very much detail in my 12 year count.
we could stay up at these levels for awhile longer, since the majority of open interest on most of the option dates is bearish - so expect more chop than conviction going forward.
---
from my experience, when the majority of the market is bearish - we move up\sideways until all of the bears forfeit their positions
and when the majority of the market is bullish, we move down until the majority of the bulls forfeit their positions into the hands of market maker.
i'm not bearish nor bullish at this time, just patiently waiting for this potential corrective phase to be done with.
trade safe out there!
Comment:
target realized.
cause i am