Unless coincidences start popping on this drawing I wouldn't advise trading according to this scenario. Let's just wait and see what the market does. This could get very interesting. :)
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The market followed the initial wave until it met the yellow curve and it dropped in a wave that looks to be almost mirroring the one above it. We are at the ellipse.
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We are back at the ellipse
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Another mirrored wave and a rebound at the "intersection" of 3 drawings. The ellipse started acting like a resistance. This might change.
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After a test of the ellipse, the price broke through it and then bounced. Interesting high at the high of the drawing. I really don't know what else to expect from this one from here. Too many more coincidences would probably be too much. :)
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Another bounce at the shapes, where the yellow and the blue cross over. Could this be the last surprise in this drawing? What other coincidences could happen if the price doesn't start dropping? Mirrored waves? Cyan heart time stamp? Other icons time stamps? Or are we going to hit that white ellipse at the end?
Fingers crossed for the second red flag on the chart, as it is probably another marked price level for a high or a low. Somewhere in the future.
Fingers crossed for the second red flag on the chart, as it is probably another marked price level for a high or a low. Somewhere in the future.
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This is the red flag which could become relevant. Fingers crossed.
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A double test of the blue shape and then a drop right where the 3 lines intersect. Yellow gray and blue. An interesting bounce on the grey wave. Do we get to see the 156.789 tested?
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I highlighted the last 2 grey double curves. Not expecting any more support/resistance action at the remaining shapes (blue curve, white ellipse, yellow path). Something might still happen though. Would be to easy to have a correction and a pivot point at the white man time stamp. This drawing is almost over.
The yellow path has overall predicted the tendencies of the price. This might soon be over. Good bye and thanks for watching.
The yellow path has overall predicted the tendencies of the price. This might soon be over. Good bye and thanks for watching.
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Hit on the second Red Flag.
