right, It was a major top. EWT, Fib, Squeeze Pro stochastics
At the last new ATH I published a suggestion that we had hit a major top. That we might continue down for a while... It happen on a 2 hour chart we are in wave c down. PTs in
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
Note
the market continuiously bounces through the PP levels up from S6 through pivot to R6 buy sell/short, buy to close/buy forever, that is my strategy.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.