Well, I'm still expecting to see those lower 18xx levels once again one day, but after what we all have been observing during last days I wouldn't bet immediate return... IMO just for fun it may hit (or may not) 2160, 2180, 2200... before any not even significant, but at least noticeable downside move takes place.
ramynkarimi
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@Jarossh I am pleased with your comment The price drop is certain, and I used the harmony pattern and, as a result, made the time analysis on March 8, 2024. What he used as a confirmation is to confirm the price below the 2108 range hope of success
Jarossh
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Hi, @ramynkarimi Is this forecast still relevant and are you expecting trend reversal on Monday? With or without one more spike to e.g. 2220?
ramynkarimi
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hello @Jarossh I am glad to hear your opinion I will continue the downward trend because buyers are closed from their purchasing power and we have warnings about the downward trend using volume data.
I've flipped through the daily chart looking for March 8th (+/- couple of days) over past years. Looks like maybe a truly magic date or something, but pivots happened pretty often: 2006 - took trend upward out of the flat, +$200 (for those yeards price level it's pretty much significant) 2007 - local correction (-$70) finished, upward trend resumed 2008 - ATH was taken and trend reverted for about a year 2009 - -- 2010 - 2nd part of March took a trend out of the flat and triggered solid long lasting +$900 upward move 2011 - continuation of the 2010th momentum 2012 - CHoCH of 2-months long ascending trend by means of a daily -$100 candle at the first day of March 2013 - -- 2014 - pivot point of 3-months trend 2015 - consolidation after -$150 descending trend and correction for +$80 2016 - -- 2017 - end of deep correction, pivot point for ongoind trend continuation 2018 - middle of the boring 5-months long flat, however eventually a global trend changed direction (hard to relate witch specific decade of March however)) 2019 - -- 2020 - deep and fast -$250 correction with further upward trend continuation 2021 - change in 6-months long downward -$400 trend; not immediate, because pivot point was retested at the end of March, and then in August, but not lower than that and in general HHs were formed in new upward +$350 trend till... 2022 - ...till March 8th a year after when pivot happened and trend was broken violently producing new downward -$450 trend 2023 - double bottom formed, pivot point and exit from deep downward -$150 correction 2024 - (???)
ramynkarimi
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hi there@Jarossh This time, it is likely that the fundamental reason for the temporary stoppage of the war between Hamas and Azzah will create a high pivot and break the latter, which in terms of price behavior will break the last valid floor, which is the 2158 range, which will be a confirmation of the price decline. Market Maker knows the exact entry time and price, you just need to be able to get it from the time slot, which requires a sophisticated level of training.