I've already explained some key points on the chart.
Volume shows top is in.
My initial top target was 1.618 BC blue Fibonacci level.
I believe we current leg up started in Sep-Oct. This is where I placed my first golden Fibonacci extension.
From the breakout to top green Fibonacci 0.5 0.618 levels are ~15k and ~16k points of bounce for B leg.
Final C leg down target could be ~13.9k top of 2019, pretty close to 0.618 level red Fibonacci of March to top.
Trade active
Hidden bearish div on the 1H and 4H 0.618 hit, most likely we are going down ~17450 first target.
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.
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.