Mapped are key price zones of interest. Currently under a strong resistance band. Unless bulls flip it, high risk of another dip.
Drag DOWN on PRICE scale to see outside window. Drag RIGHT on TIME scale to see more fib/pa history. Use "Make it Mine" under SHARING for your own copy. .
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6:
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BTW: the thick Red lines are from this Fib from ATH (forgot to post that in original description)
And zoomed in to see pa around current red fib Clearly relevant as it has been for 4 years.
Since posting, we have gotten past the immediate resistance
Zoom IN (3min) for a closer look at that resistance It was acknowledged, broken, and retested. So firstly we have confirmation of the relevance of those fibs, and secondly a bullish sign that a recognized resistance was broken in that manner.
Of course, we could just fall thru again, but this is a start.
As anticipated in last update, we got that next leg down and quite precisely to the Red 1.764 targetted.
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Zoom IN (15 min) and looking at the wave structure: Sure looks like a well defined 5-wave Impulse complete.
But ALAS that may have been wave "A" of an ABC correction perhaps like this Way too early to conclude that, and certainly too early to project a wave B target.
So for now we watch and measure, try to spot the fib of the bounce wave, and then try to project a target for wave B.
Per last snapshot, it played out quite precisely No way to know if that is the bottom yet, but IF a bottom is somewhere near here, then THAT is the Perfect spot and shape for it.