Just posting a quick 15min chart to see how the fibs and EW play out during expected retrace.
I am still expecting a rather shallow wave 4 to then start wave 5, but lets see
This is an update to my larger timeframe Idea posted here:
I am still expecting a rather shallow wave 4 to then start wave 5, but lets see
This is an update to my larger timeframe Idea posted here:
Commentaire:
Excellent! The bounce looks to be holding
Commentaire:
As anticipated in my follow up plan we hit hard resistance (and I assume some news out of Japan)
After hitting resistance, it plunked right down into a support zone Lets see if it holds, I suspect not
Hit play three times. After hitting resistance, it plunked right down into a support zone Lets see if it holds, I suspect not
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the Trading View is my Nation
the Moderator Tag is my Flag
Apparently Abe won and will remain Prime Minister (now the longest in Japan's history).'
I suppose the spike was funds re-balancing their portfolios.
I am expecting that ''more business as usual'' sentiment should allow continued uptrend.
But I am mostly a technician, so I just appreciate the precise ping on first spike down.
I think it will go lower though, so my bounce zone may have been way too optimistic, lets see.