Crossing below dotted yellow area will establish wave C.
I'll be guided by the same principles as in previous version:
Crosses => moves to the next fib line to seek support/resistance.
Doesn't cross => reverses
Timefibs determine the Time Density of Trends based on two tops indexed as 0 and 1.
I'll be guided by the same principles as in previous version:
Crosses => moves to the next fib line to seek support/resistance.
Doesn't cross => reverses
Timefibs determine the Time Density of Trends based on two tops indexed as 0 and 1.
All previous chances to push the price above it have failed.
This angle deserves special attention, because it is regressive and based on upward trendline which at first acted as a support, almost a year after to this day it acts like resistance.
Breaking above that line and staying there is a powerful signal of new players in the market.