Fractal Continues - Top to be reached within next 24-48 hours

As per my previous analysis, the fractal is playing out nicely. Within 24-48 hours we will see one last push to the top. This will be somewhere between around 7850-8250ish. This will be followed by a bit of up and down for a few days, and then the leg down to 6380ish followed by a leg back up to 7100-7200ish. Then it is all down hill to 34xx.

评论:

Zooming in on the action, we find a bearish ascending broadening wedge that supports the drop to 63xx before a bounce back up to 7600-7700ish before we begin our descent to 3400.

评论:

Have amended, I think the above pattern will play out, but I think it will be a whole lot slower - so more similar to this; but perhaps over an even longer timeframe.

评论:

All going according to plan - here is how it will play out approximately

评论:

82x-84xx coming very shortly then imminent dump to 61xx coming within 48 hours. We will hover around 61xx-63xx for 2-3 days before the meteoric rise back up to 8K. We will then hover around 8K for 7-10 days or so before we begin our drop back to 3350.

On the way down we will halt temporarily around 66xxish and people will assume we are starting to form a bullish ascending triangle in pink. Longs will increase in which case they will be liquidated when we drop back to the bottom in a spectacular long squeeze.

评论:

Note: There is a chance we go as high as 8850 as the top, though I think this is unlikely. Just be wary of your entry for short back down to 61xx.

评论:

Another possibility is that we break this support and head down without making a higher top:

评论:

Or

评论:

Sorry =

评论:

Ok, final update before the dump. Dump will arrive within 24 hours, it doesn't look like we will actually go any higher than around 8060. Entering shorts now.

评论:

Imminent dump incoming.