The FIB Wave is stretched.
Price remains @ Risk on the Weekly TF.
It is not confirming the Countertrend will hold.
Price can move higher to complete the larger Objectives
overhead, but the spreading within the FIB WAVE SMAs is
about as clear of a warning as one gets in Trading.
It will require more time to resolve.
It will not, however, resolve in the Bull's favor IMHO.
This complex recycling is beginning to become extended on
the Short Duration Timeframes as well.
Wall Street wants its Fill into the SELL.
Plain and simple, this is what the Math is suggesting as the
higher Probability.
GAP 2 TRAP remains well indicated for the WEEKLY Timeframe.
Price remains @ Risk on the Weekly TF.
It is not confirming the Countertrend will hold.
Price can move higher to complete the larger Objectives
overhead, but the spreading within the FIB WAVE SMAs is
about as clear of a warning as one gets in Trading.
It will require more time to resolve.
It will not, however, resolve in the Bull's favor IMHO.
This complex recycling is beginning to become extended on
the Short Duration Timeframes as well.
Wall Street wants its Fill into the SELL.
Plain and simple, this is what the Math is suggesting as the
higher Probability.
GAP 2 TRAP remains well indicated for the WEEKLY Timeframe.