Are we there yet? at the bottom?
Possible but not Probable is my read.
Elliot Wave theory calls for one more leg.
We are likely in a "wave 4 of 5" right now.
Sub wave (4) could go a little higher to 10.4.
Sub wave (5) and circle 5 could end around 10k.
There is a Major fib at 10,020.75 (Gold 11.089).
There is also Minor at 10,009.78 (Purple 4.236).
4.236 is the most common wave Ending Ratio.
It is certainly possible that we crash thru 10k.
But I would expect a significant bounce at least.
I have other supports below, shrink the chart to see.
.
This post is a smaller tf follow up to my bigger picture:
Possible but not Probable is my read.
Elliot Wave theory calls for one more leg.
We are likely in a "wave 4 of 5" right now.
Sub wave (4) could go a little higher to 10.4.
Sub wave (5) and circle 5 could end around 10k.
There is a Major fib at 10,020.75 (Gold 11.089).
There is also Minor at 10,009.78 (Purple 4.236).
4.236 is the most common wave Ending Ratio.
It is certainly possible that we crash thru 10k.
But I would expect a significant bounce at least.
I have other supports below, shrink the chart to see.
.
This post is a smaller tf follow up to my bigger picture:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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