Updated view: I presented you guys with my last idea, a bear scenario to go down to the 1880 range on a bear extension. Volume
is starting to look more favorable to Bulls, and I wanted to show the range and patterns that I have seen forming at this base. A sort of pennant
, or flag with a broadening wedge
or falling inside... It's debatable but prospective targets will will 1919-26 per fib. If support breaks on pennant
, then previous idea to 1880 should make sense.
**Not indication for YOU to buy/sell**
Guide produced to help you make decisions.