Time has passed and our previous study failed some of the timing targets, that's part of this methodology as there is a lot of harmonics market can stick with. This is a new one, with market still on a gray area below 9k.
Note
Market got back to the old support/resistence dashed yellow curve while overlapping with the 0.786 curve holding the previous support:Note
Old yellow curve support is holding and looks like we are going up to test the upper yellow resistenceNote
Break down !! Market still fully bear after failing to pass the 9k markNote
Side note: you can see the big green curve halting bull progress with ultimate precision and driving it fully downward !Note
This area is filled with harmonics everywhere, right now bears stoped right into another one:
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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.