Maybe it has bottomed and we go up from here.
But I think we still have one more leg down.
How far this bounce rises will tell a lot.
Of course, lots of folks are calling for 1k and such.
Sure that is possible as well, but for now I am looking to catch the serious retrace up.
This is a followup to my previous Idea looking for ''the bottom'':
In the above plan, I got TWO trades from the 3500 zone to the 4000 zone!
Rarely does any asset give you two such opportunities, and I gotta admit the second long was a bit scary....
.
.
But I think we still have one more leg down.
How far this bounce rises will tell a lot.
Of course, lots of folks are calling for 1k and such.
Sure that is possible as well, but for now I am looking to catch the serious retrace up.
This is a followup to my previous Idea looking for ''the bottom'':
Rarely does any asset give you two such opportunities, and I gotta admit the second long was a bit scary....
.
.
Note
Proceeding roughly as expected. The last wave (Blue Fib) seems to have locked into the original target zones ( which I have adjusted slightly) 
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
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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.