This is not any usual TA, but i'm searching for symmetry and i've possibly found a pretty valid angle. I've used the Fib Channel tool, and 0.5 increments up and down, also some extra levels up to prove this channel is pretty important.
I added on top of the same anchors, (the points where you see the arrows) a parallel channel to highlight the middle of the deviation from the 3.2k area to the yearly high of 10.4.
Some really key levels are highlighted in the horizontal levels. They intersect with both price and the middle of this diagonal structure and its parallels.
If are to move down the same much as we deviated up away from this middle spline. We have to go into the 5k area. I'm fine with that, however i have the impression we move up and get smashed down to that area, just because we're sold a lot and it appears we're done selling for now. I think we go up and down hard. This will catch a lot of people unprepared.
I added on top of the same anchors, (the points where you see the arrows) a parallel channel to highlight the middle of the deviation from the 3.2k area to the yearly high of 10.4.
Some really key levels are highlighted in the horizontal levels. They intersect with both price and the middle of this diagonal structure and its parallels.
If are to move down the same much as we deviated up away from this middle spline. We have to go into the 5k area. I'm fine with that, however i have the impression we move up and get smashed down to that area, just because we're sold a lot and it appears we're done selling for now. I think we go up and down hard. This will catch a lot of people unprepared.