Quick plot to study a small move with Fibs and Elliott Wave theory.
As for the Outlook, that fact that we have a rhythm to this bounce is a good sign for bulls.
Wave 1's and Wave 3's often have two different Impulses (initial force).
Wave 5's may or may start from a new Impulse, often they play 1 and 3's fibs.
Each wave has likely "End Points" such as 4.236, 4.618, and 5.236 being common.
This is part my ongoing series to collect examples of my Methodology.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
As for the Outlook, that fact that we have a rhythm to this bounce is a good sign for bulls.
Wave 1's and Wave 3's often have two different Impulses (initial force).
Wave 5's may or may start from a new Impulse, often they play 1 and 3's fibs.
Each wave has likely "End Points" such as 4.236, 4.618, and 5.236 being common.
This is part my ongoing series to collect examples of my Methodology.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Note
Ping Note
OOPS, meant to say we are NOW entering resistance zones ....Note
Wave 5 DID have an Impulse (Gold) Note
regarding the wave 5 Impulse: .
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
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.
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
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.