Pretty obvious short right here due to the RSI support failure. (u_u) UO failed too but that thing is crazy. 42 willy++ has a huge sell indication... and that thing takes forever to find a buy/sell point.
Short term correction should happen around S1, S2 with the final support at S3 giving a nice bounce and ending the gartley. Timeline is obviously not in scale so this could happen fast or super slow.
While anything inside of the OTE zone will be good for a reversal, closer to the .786 will indicate a completion and a better indicator of the downtrend being over.
Going past .786 we will have to review the harmonic since technically .578 is not the correct X-B fib (.618) for a Gartley. A fib at .578 is indicative of a Bullish Crab which is a looooooong way down... I'm not ready to chart that expectation just yet but just be careful after this D point completes... it may fail and go waaaay down there, and effectively LTC would be in the "despair zone". (;0_0)
Short term correction should happen around S1, S2 with the final support at S3 giving a nice bounce and ending the gartley. Timeline is obviously not in scale so this could happen fast or super slow.
While anything inside of the OTE zone will be good for a reversal, closer to the .786 will indicate a completion and a better indicator of the downtrend being over.
Going past .786 we will have to review the harmonic since technically .578 is not the correct X-B fib (.618) for a Gartley. A fib at .578 is indicative of a Bullish Crab which is a looooooong way down... I'm not ready to chart that expectation just yet but just be careful after this D point completes... it may fail and go waaaay down there, and effectively LTC would be in the "despair zone". (;0_0)