(For explanation: I hold the opinion all of this elevated triangle structure is very suggestive in behaviour, and good in the detail, is still in a fork formed back in 2008/09 - the pink lines are re-creation of that fork and parallels I've selected for their relevance, (also testing something along the lines of critical values & PPMCCs)
Didn't really see this quite so clear till tonight. Anyhow from A to B, C and d & e it looks to me like a serialised loss of upward effort / momentum.
Just recently to note peak 1 was a significant 0.618 retracement failure and just yesterday (below 2) it failed a 50% retracement (upward lesser fork return to the ML), there in the little 'end grid', where it's currently doing a good series of dojis etc. battling out the endgame.
Always careful: If it hasn't made it out the top by 13.00 ish on the 5th of September or with good reason before, maybe a little after, I want to see a few lines play out toady, possibly that last drop followed by a potential little New Moon up, and on consideration of other watched markets etc (as always), I'll be in short - target, with patience - 93.00 (the 0.618 of the entire fork).
Because at a narrowing of the support lines a little drop and it not only breaks technical pattern formations but it drops below them also.
Didn't really see this quite so clear till tonight. Anyhow from A to B, C and d & e it looks to me like a serialised loss of upward effort / momentum.
Just recently to note peak 1 was a significant 0.618 retracement failure and just yesterday (below 2) it failed a 50% retracement (upward lesser fork return to the ML), there in the little 'end grid', where it's currently doing a good series of dojis etc. battling out the endgame.
Always careful: If it hasn't made it out the top by 13.00 ish on the 5th of September or with good reason before, maybe a little after, I want to see a few lines play out toady, possibly that last drop followed by a potential little New Moon up, and on consideration of other watched markets etc (as always), I'll be in short - target, with patience - 93.00 (the 0.618 of the entire fork).
Because at a narrowing of the support lines a little drop and it not only breaks technical pattern formations but it drops below them also.