Potential upcoming pivot point
Updated
Pretty new at this but I think I see an upcoming potential pivot point (green ellipse), not sure if up or down yet but current signals look good. Take a look at my notes on the chart and let me know what you think. Will be looking at 4hr MACD for early indication of which way this may swing.
Note
the 1 hr chart is looking more and more like time after the first window highlighted above.If price falls below 50 EMA support then the price may tumble up to 10% before correcting a bit prior to initiating a full correction. the coming hours into tomorrow morning will tell.Note
1hr candle closed below 200 and 50 EMA lines. if next 4hr candle closes below the 50 EMA line i believe my prior prediction will be confirmed.Note
If my original prediction continues to follow then we may see a bounce around the 38.2% retrace from the last big bear dive at 830 or so back up to the 23.6% retrace at roughly 895 before it completes the full nose dive. Stay tuned.
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