Structure #1 Alternative approach and predictive feature of Fib channel
Impact of COVID19 made its mark on world economy. Investors and shareholders are losing faith in stocks and overall stability of the financial infrastructure. I share personal curiosity on how and when the market will enter the stage of recovery. Governments across the world are paying big price to compensate the fall of economic activity. Central banks are...
After a sharp decline is always followed by the same rate of a correction. Hence, we need to look out for the levels at which the bullish incentive will be not saturated enough to sustain the market growth, so eventually bears will overtake the market once more in the short term.
I really expected some serious pullback, chances are high. However, most of traders think that further decline is the more truthful path of recent fundamentals, which I considered and applied it in terms of a historic fractal pattern.
Significant levels are updated Partially accumulate as it falls in order to trade the pullback.
First of all I'd like to suggest you to zoom out to observe and understand the whole scheme. To do it just simply click on price scale, hold it, drag it down and release it. ____________________________________________________________________________________ Considering the fundamentals, rest of the falling markets and recent news, this sharp decline is...
Demand Levels based on fib sequence law. Regressive fib dotted lines determine the stability of a potential demand level and the outlook for next movements. ____________________________________________________________________________ ____________________________________________________________________________
Here is how to deal with this chart: I assume you already have your own views on where market is moving towards with targets. No matter which direction it moves, use this chart to evaluate the domination of bulls and bears at different stages of general movements. We are inside 2 channels: black and purple. If we are talking about a bullish market, then...
Update Trend will remain bullish unless price crosses below red ray (44°)
Red ray (-27°) is resistance, however can trigger further growth whenever price crosses above it. Blue ray (21°) plays role of support. Breaking below it and entering red zone might lead to sharp decline. Now we are monitoring if the correction will follow the fractal's one, particularly the retracement to 0.618, before continuation of the general growth. ...
Update in method of the Fractal Analysis All microfractals are evaluated separately. Whole patterns of particular Elliott wave are identified independently. Time fibs will not have a further exploitation need for carrying out fractal measurements to an extent. Because: Pattern or "identified from history fractal" can contract or expand Market...
Updated. Added: Dates of time fibs Detailed area of resistance ... and more.
Crossing below 30° blue ray might trigger further decline.
Estimating the timing and potential of pullback in terms of fib relationship.
The side of broken triangle will determine the direction of next movements. If the price enters the green area - more growth can be expected and Vice Versa.
Accumulation/Distribution in respect to timing in terms of fib relationship
Determination of the direction of the trend out of recent chaotic fluctuations using fibonacci relationship. No matter where the price is heading to, it will stop at fib lines for reversal or cycle establishment.
Falling pattern assessment aimed at growth potential