Expecting a YE close of around 3600. New year Rally up to take out any Virgin daily PoC lines possibly up to around the 4500 area. Then the third push down to the source of the parabolic move up to achieve efficient market before the institutions come riding in...
Countless times over and over, Price finds its new equilibrium, or reverts back to equilibrium in a three part move. Exponential moves away from equilibrium are alway followed by a price move back to equilibrium either rapidly, or through a meandering price action back. We will see a rally up earl part of next year as Virgin PoC lines from previous days are...
last week was the base part of a drop-base-drop move down to equilibrium. looking for the top wick of this weeks candle to be formed by the pull back to clear out the 3 virgin PoC's
the siege around the bulls is set, Bears are in power
Didn't get the pull back i wanted to was not able to add to shorts.