The (20/20 hindsight?) Bull run case:
Green comment boxes:
1. .618 was never really established (impossible to see in real time and top, but more visible now) but price action floated above what is was to be. (think in Terminator terms - yes, I know, weird, which is why this is also categorized as "beyond technical analysis".)
2. .318 was marked, early on. At a minimum this was a reference point. Why did that drive move so hard down, and stop at that point?
Remember - we are individuals, working in and with the machinations of a bigger machine, that is hedging against a century+ old market on Generational last legs...
Green comment boxes:
1. .618 was never really established (impossible to see in real time and top, but more visible now) but price action floated above what is was to be. (think in Terminator terms - yes, I know, weird, which is why this is also categorized as "beyond technical analysis".)
2. .318 was marked, early on. At a minimum this was a reference point. Why did that drive move so hard down, and stop at that point?
Remember - we are individuals, working in and with the machinations of a bigger machine, that is hedging against a century+ old market on Generational last legs...