OK so it's been a big drop but look at the Boll bands dialing in and the cloud pulling out of a dive and leveling out and LOOK at all the volume is green. Ok if I run the fibs on this to measure the power of this tide it is gonna be huge we should see consolidation from here and then energy will build up for a nice size wave up after that. Of course after a big...
Fibonacci confluence zone in the puple box...Entry for LONG is here because there are no signs of smart money or institutional buyers getting out yet. Tons of money is still in the market and we will see clearly when they pull out but for now we stay in and go LONG again for a third snipe!
so this is where all the fib are coming to for me is from 48200-49200-50600 Everything tells me a bunch of money is on the market and they intend to use it! We have several clear effort candles that were a sucsess and a clear volume catalyst. I see a stop hunt pattern cooking up with a 1000 pump coming soon followed by more upward pressure perhaps to 52K
I see that smart money bought the dip at 42800 and we are still flowing with green volume. I ran Fibonacci confluence Lon wave B to determine this target zone marked by the purple box. This is where I believe the energy of wave C will run out or at least get bounced around.
if we dont close today green meaning a close above 30100 then this is an effort to fall succeeded! And down we go!
we are watching for a volume catalist to tell us the bearish market is changing. until we see the catalist by smart money in an effort to rise sucsess or an effort to fall fail then we stay SHORT!