Uncertainties on BullsBased on my analysis :
Since September 14th we've entered a channel, and exiting it will mark the real direction the market will go.
I'm seeing the bulls power is "sanding" a bit. What is sure, for me, there is too many uncertainties right now to take action. The UP move is a bit compromised as it is now.
Also, I've seen 2 of my support levels (violet lines) are matching FIBO levels 0.786 and FIBO 1.0. So I think now those 2 supports levels are keys, but I don't want to dream a nightmare. Let's wait to exit the channel first to see if price will lead to FIBO 0.786 then 1.0, or will still going up.
The S4W compression is still not expanding yet. it slowly refrains its compression but no expansion yet. it's going flat, which means there is an expansion to occur soon. An expansion means a price going up.
I see in S4W/Mirror indicator that the BULLS have lost a battle, as shown in the box I've drawn. Is it the end of war? Not really, because the SW4 Horizon indicator tells the road is still not blocked for an uptrend yet.
My conclusion is : We are in a middle of a channel, and that brings uncertainties for now. I would not start a trade right now. We need to exit that channel first. Let's wait 24 hours , from now, to see if the BEARS have won or not. I'll check this by seeing if the bulls' line (green line) in S4/Mirror will move over the last red hill or not. If that's the case, we will be still on the road to "UpVille".
I also need to check if the S4W/Horizon is still in bulls favor (= green line still descending). Finally, the 2 FIBO levels are matching too perfectly my 2 support levels. That's shows a possible bearish move to move going below 6K. :-( Let's exit this channel first, to know
PS: An expansion is when the S4W/Compression indicator forms a green line and going up
PS2: don't take my words for granted. Do your analysis, re-analyze, then trade.
PS3: Don't hesitate to LIKE this idea, and follow me to get my latest ideas.
PS4: <- Play it at home or buy an XBOX :-)
