Internal Fib Pattern #1 23.6% to 9% targets the 50% Fib (retrace from 6600) target is 4888 on c.b. With a typical p/l ratio of 4.6 to 1
This is not a recommendation to buy or sell.
This is not a recommendation to buy or sell.
Note
We're around the 9% fib. If we bounce from here target is valid still...I would think any push farther down would invalidate the 9% bounce and target/pattern.
So target would change if it double bottomed. New wave would have to be reconsidered if we made a new low... need another bounce and so fourth to establish the next wave. If there is any more downside hope there is nothing more than a double bottom.
Beyond that the market would be in for tough times. IMO.
Note
Note
Looks like we may retest 3600 soon.Note
bouncing on the .236Note
Note
Note
breaking long term trend line, but not on log. Note
fixed gann box Note
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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.