We can expect the beginning of a new wave 3 on the break of the next fibonacci time zone line.
Correlation with AMZN is strong and helps get a clearer picture.
It's likely to hit the 540 level before starting a new rally, that if we fail to support 575 first, logically, which I think we will.
Might be a good time to short or sell and rebuy back lower if you're more position inclined.
Correlation with AMZN is strong and helps get a clearer picture.
It's likely to hit the 540 level before starting a new rally, that if we fail to support 575 first, logically, which I think we will.
Might be a good time to short or sell and rebuy back lower if you're more position inclined.