All in the video. 4780-4800 was the area of interest because of the multiple Bollinger Bands, and the reversal as of now seems impulsive. Let's see how the numbers affect the market tomorrow at 8:30am.
Good Luck!
Good Luck!
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good morning, if it topped, this is probably part of the bounce. 830 numbers should make it go higher.
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target looks like 4750ish if this is an ABC. I expect more selling during the day.
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could go higher, but if it' an ABC, the C shouldn't get over 4760
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if today continues the impulse down (big IF), it should be a 3rd wave, very impulsive to around 4600. Not all in one day, but today may start it.
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the structure is clear, over and holding the upper trendline and it will likely make a new high. Under the lower and it probably starts going to 4600.
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there is this possibility which would imply a C into close and then gap down tomorrow, . Target would still be 4750-55 if this happens.
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they are holding this level, so a break below would be more significant. RSI is hinting at a rally since it's so low, so caution is warranted.
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it's going higher, the rsi being this low is a problem for bears. Over 4760 and they are going over 4800 for another high tomorrow.
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they are getting over resistance, if it holds it's bullish and probably goes to 4800+
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4hr rsi looks like it wants to make a triple divergence.
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if (I emphasize IF) they continue moving up, here's another way to look at it. Good luck today!
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the overall pattern is starting to look like an ending diagonal, I will update this if it continues.
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resistance now broken should stay supportive. I expect higher.
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broke support, looks like it's coming down next week for Christmas. Will update on the weekend....!
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how the day ended, I think we'll go lower next week but I don't think we topped after this weeks price action. I will update this weekend.
