KNC has been remarkably bullish.
About to reach its "Moment of Truth".
Was the big spike a "One Hit Wonder"?
EW wise, we could be ending a wave 4 and starting wave 5.
If breaks above red zone, I will plot a possible w5 target.
For now I am observing the action around these fibs for clues.
If you see blurry numbers, that is a TV rendering bug.
Here is a Snap Shot of the above
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Here is a Zoom OUT showing the fibs above and $1.7 dream target
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EW wise, perhaps something like this that wave 5 target is admittedly Optimisitc.
If we get a wave 5 it could end at any of the fibs below target.
.
About to reach its "Moment of Truth".
Was the big spike a "One Hit Wonder"?
EW wise, we could be ending a wave 4 and starting wave 5.
If breaks above red zone, I will plot a possible w5 target.
For now I am observing the action around these fibs for clues.
If you see blurry numbers, that is a TV rendering bug.
Here is a Snap Shot of the above
.
Here is a Zoom OUT showing the fibs above and $1.7 dream target
.
EW wise, perhaps something like this that wave 5 target is admittedly Optimisitc.
If we get a wave 5 it could end at any of the fibs below target.
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
First target of $1.29 proving to be tougher than expected
.
Zoom IN (15min) and added green fib to last wave up
Green 4.618 has ADDED to the RESISTANCE at $1.29.
Thus a pullback from it again.
Last Ping on green 3.236 points to next possible targets if bull continues
6.236 not as common end point, but it within resistance zone of higher tf fibs.
.
SUMMARY:
- $1.29 with solid confirmation as resistance.
- $1.30 still quite plausible given local fib pings.
- $1.25 possible launch point for next push, but if breaks, then bulls might be done.
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