Looks to me like we are finishing up the Any Three X leg of a WXY. Thinking we will see a Zig Zag rapidly dropping us to $7250 Falling Three Peaks playing out. Channel holding strong. Estimating next Third Impulse up begins August 26th
Potential Triangle forming books say triangle always occurs prior to the final wave Bearish Hanging man formed on daily Fib Circles show a potential reversal Watching for position
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Upthrust before mark down?
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Current thoughts Lots of bullish sentiment, I still remain bearish
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Estimate, shorting next lower high
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Thinking $11500 (60ema) will be our higher low but Camarilla pivots show potential at $11700
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Last 4 hour candle for the day Expecting a reversal soon
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Rough estimate Thinking we will bounce short term around $9600
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Re-entering my short targets If we break above $10350 then I will watch for an entry at $10550 Low probability target at $11100
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looks like an ending diagonal with RSI divergence
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estimate
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Just noticed, we may be making a bearish bat price estimate, date/time not set
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Estimate Thinking we are still working on the A leg of a Zig Zag Targeting $8950 before the ABC - B leg of ZZ I cant see this being the E leg of A of a ZZ daily candles dont look to fit an A leg of ZZ
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Thinking my estimate of the Zig Zag could be too compacted Alternate estimate I am considering to prepare for
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Alternate estimate #2
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As an updated view of original estimate
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Two current estimates Im still learning characteristics of Zig Zag (alone or in combination)