i'll update this with comments & charts tomorrow.
Note
The colored rectangles are measurements not price targets or predictions atpit.fwiw I am set to exit at 5.75
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5.66 exit/entry atpitNote
On 4 hour the FISHER indicator still has a lot of room to move down.I generally only use indicators as 3rd, 4th or 5th confirmation/confluence for picking ranges & frames of interest. By the indicators, it does not look great.
Be interesting to see how the price action plays out from now till the weekly close, and the following day.
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LOLNote
TrendFatherThe OP, showing the High months out, and the capitulation from 6k months out is level work.
your "level work" of drawing arrows up and down at the same time is your attempt to pretent you know what your talking about.
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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.