Let's be clear before I begin with this analysis...This post is not to appear as though I know more than anyone else. I'm using tradingview for it's publishing features so that I can record MY OWN thoughts and analyses. If it plays out and someone in the community sees the same...great! If not, that's fine too. However, I do not intend to have a pissing contest with anybody here. I welcome all intelligent thought for conversation though.
I'm expecting price to visit the ellipses in the order of their appearance based on Fibs on the daily, the Ichimoku Cloud on the daily and weekly charts and price action. I really enjoy the features of tradingview how after the charts are marked, the video plays.
The first ellipse should bring price to a trend line and just below the cloud having a fractal escape from the green cloud on the daily chart. The second ellipse would be an escape of that same cloud. The beginning of the second ellipse from left to right is right at the top of the cloud and at the .618 Fib ratio and the far side of the ellipse is the .786 Fib. The last ellipse is the result of the violent crash I expect to occur to finish an ABCD move to the downside in time to meet two trend lines that will virtually converge.
If it does happen the way I see...the result of a "beautiful mind" clear of outside stresses and anxieties. If not, I see ghosts. Either way with proper risk management it's fun! As long as Kanye doesn't do anything else spontaneous overseas I'm expecting a good result.