I'm sure most of you know that we are definitely going up for the near term.
If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the next impulse wave 3 will more than likely also be extended to express the original strength of wave 1.)
You can also use it to measure lengths from one another and visualize the possibilities of price action.
This right here or at the end of the blue zone, is where you should take some profit if you planned to!
If you look at my previous posts, you'll see how the range with 2.618 right under OLD ATH can be reached.
BUT as you can see, if you take the size of the size of the first red C and place it at the end of the blue 1.618 where my proposed C would finish in the very top post^ before trend reversal , the 1:1 ratio will place it not a single dollar below the old 2017 all time high
If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the next impulse wave 3 will more than likely also be extended to express the original strength of wave 1.)
You can also use it to measure lengths from one another and visualize the possibilities of price action.
This right here or at the end of the blue zone, is where you should take some profit if you planned to!
If you look at my previous posts, you'll see how the range with 2.618 right under OLD ATH can be reached.
