In the grand picture of the 4 hr timeframe and beyond, everything SEEMS well on track to a FULL (x2) RESET. How much lower? My guess is as good as yours. But this is how i see it will pan out.
** For educational/entertainment purposes only.
** For educational/entertainment purposes only.
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I updated my charts to include the Fibonacci retracements. 1.618 is the support which I always hope for a bounce. We have the hit the first HnS 1.618 retracement at slightly above 7915. My guess the next support will be at 7766.
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Ignore previous chart.Funny how 0.5 turns out to be the same level as the double top and the recent HnS.
0.5 or 8000ish should gives us a good support for now.
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Next stop:
0.65 Golden Pocket of the Double top 'M'
Coincidentally coinciding with 0.786 of the HnS.
We haven't finished correcting yet.
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I mean it. Down.Note
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We go down to 1.618 from the double top. 5k-ish. When?
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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.