As we await price's reaction off Fib Support, I want to point to areas where price could bounce from. Larger Support areas are $10.72 and $10.17, whereas on a smaller scale we have support at $10.90 and $10.23. As I get into the minute fractals, I added a blue count which is plausible, but somewhat of a stretch as this juncture. It really doesn’t matter how I look at this pattern. It is either completing now, or will soon complete marginally lower. This is not a pattern that I see reconciling a lot lower than when where it is now.
With no impulsive start...this is a complex ending diagonal that honestly could complete at any time. I stand by my analysis that when it does complete it should move towards the start of the pattern which is in the mid $18 range. It is at that juncture I will re-examine the pattern for an impulsive 5-wave structure to begin to think a bottom has been put in.
Best to all,
Chris
With no impulsive start...this is a complex ending diagonal that honestly could complete at any time. I stand by my analysis that when it does complete it should move towards the start of the pattern which is in the mid $18 range. It is at that juncture I will re-examine the pattern for an impulsive 5-wave structure to begin to think a bottom has been put in.
Best to all,
Chris
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.