Follow up to my last Plot that caught the 8k bounce. (click)
Longs have been highly profitable thus far, most profits taken off the table.
Now we are at risk of a "significant" pullback, as indicated by fib extensions.
I have lightened by bag considerably, and trailing a tight stop on the rest.
$ 8578/85 is immediate support, might hold for a while (a wave completed).
$ 8419/25 is the LIKELY Target to start re-filling bag (25% at each fib).
$ 8123/35 is MAJOR support that bulls must hold (my SL just under).
It is POSSIBLE that 858x holds as a local "double bottom", viable in uptrends.
Most PROBABLE is a retest of the 8425 cluster which includes a Golden fib.
Near term DANGER is a free fall from 8425 to 8125, not much in between.
.
Pat of my ongoing analysis catching every key turn and giving early warnings (click the links below):
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
6432 Bounce Call
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
7860 Retrace Call
6850 Bounce plot <= exact Top AND Bottom hit
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Longs have been highly profitable thus far, most profits taken off the table.
Now we are at risk of a "significant" pullback, as indicated by fib extensions.
I have lightened by bag considerably, and trailing a tight stop on the rest.
$ 8578/85 is immediate support, might hold for a while (a wave completed).
$ 8419/25 is the LIKELY Target to start re-filling bag (25% at each fib).
$ 8123/35 is MAJOR support that bulls must hold (my SL just under).
It is POSSIBLE that 858x holds as a local "double bottom", viable in uptrends.
Most PROBABLE is a retest of the 8425 cluster which includes a Golden fib.
Near term DANGER is a free fall from 8425 to 8125, not much in between.
.
Pat of my ongoing analysis catching every key turn and giving early warnings (click the links below):
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
6432 Bounce Call
7450 Critical number <= Still Important
7800 Dump Warning
7080 Rocket Foreseen <= within 20 cents!
7860 Retrace Call
6850 Bounce plot <= exact Top AND Bottom hit
9k bounce call
14k target call <=Perfect TP
10k target call
7.5k bounce call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
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
We might nearing a bounce point, as wave 5 down might complete soon
Just a quick heads-up
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