This is not a classic TA. Since it's a log scale, every inch of movement will carry same %, which doesn't happen in default linear scale. It's important to grasp it this way, so rest pieces of fractal analysis makes a little more sense. We have angles as rate of change which we took from historic wave to apply to current bullish wave in interconnected way. I don't provide subjective thoughts in this particular idea, because main point of such analysis is what market itself tells, since it's based on pin point accuracy of fractal. Like judging a wave in terms of the other. After all whatever the sentiment is, the final wave edges were established and already evaluated. Price tells about condition of the market, moreover if historic psychological prices and its timing are relative to each other. Price and Time isn't viewed as separate, they are bond together as one in fractal analysis. (Just like the concept of SpaceTime continuum in physics. Here we have it as PriceTime units) That's why this phenomenon occurs:
This I use for justification of all targets of collective users that publish their opinion. After all there is no economic machines with cogs, it's people who take info into account or not and determine the price by simply trading.
I could have gone further with my own opinion applied to this scheme, but it's just not my style and format. Market couldn't care less about my subjective takes. However, I added triggering points of relevant to recent bullish emerged wave. I'll do the classic trading TA coverage of this ticker in another idea.
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Looks like it's about to pull the price down to complete right reverse shoulder, so FA matches TA so far.
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Since downtrend white line played as resistance. And price already dropped -6%. We assume automatically that cheaper price will attract some speculative money to trade a pullback. As it falls the micro-fractals will dilate, the derivative of which could draw Reverse HS between 0.5 to 0.382 of downward Fibonacci Channel.
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