Assuming my prior chart (linked below,) that I updated earlier remains intact, here is the retracement zone assuming a completion and top of the run to the 4.236 extension for what appears to be Wave 1 of the super-cycle at $2.03~. Granted, there are no guarantees in life, only probabilities. That said, with the bullish strength demonstrated hitting the top-end...
Good morning folks,
Here's the latest publishing of my active chart. This is the same chart as I've shared before, simply with the current chart and trend lines extended to the current day. So far, the trend lines and EWT analysis has held up, however I'm looking for us to hit a peak for this sub-cycle to complete and to begin our A-B-C correction before going...
It looks like the technicals and support/resistance channels from the chart last night stayed in play. Here is an updated version for 4-10-2021.
I am looking to see confirmation of support in this zone. A breakout above $1.275 should send us toward the next Fibonacci extension at $1.56 on this run, however an A-B-C breakdown could play out if this is the end of...
Just a current mock-up of what I find to be strong support and resistance trends for price action to supplement the overall TA, and what this means as we near start to approach former ATH's. I speculate we'll see a strong breakout above the former ATH's once we complete this EWT sub-cycle wave, if the technical's stay intact.
