2.618 of (1) and a bunch of more fibo levels could suggest that we're topping in (3) wave.
Since (2) was rather deep and long (ETFeee ABC) we could have some light correction .24 - .38 - .5 - .62 correction to 2368 - 2222 - 2100 - 1987.
Personally I rebuy half of my short at 2400 since that Japaneese could trash all that elliott stuff and over-over-extend that 5.(3) to 2969 (1.62 fibo of 0-3 sequence).
Same reason - YOU should consider not being margin called until 3200 at minimum.
Theory: astrocycle.net/PDF/WaveRatios.pdf
Since (2) was rather deep and long (ETFeee ABC) we could have some light correction .24 - .38 - .5 - .62 correction to 2368 - 2222 - 2100 - 1987.
Personally I rebuy half of my short at 2400 since that Japaneese could trash all that elliott stuff and over-over-extend that 5.(3) to 2969 (1.62 fibo of 0-3 sequence).
Same reason - YOU should consider not being margin called until 3200 at minimum.
Theory: astrocycle.net/PDF/WaveRatios.pdf
Note
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.