So from what I have posted yesterday. My friend has messaged me that Elliot wave is also a good pattern form on this frame (Thank you very much!). So here is a quick update.
Basically 1-2, had happened to trace the cat catch of our Fibonacci retracement. So, I can conclude that the 3-4 must also enter the 3 steps of our Fibo and if not, then it is failed . The 1st entry is the Bull stage of our Fibo (upper black range). The bottom black gap is the Cat Catch of our Fibo, and it is the most interesting point, for me. The 2nd black gap is the "Between Cat and Bull" level.
Always remember that it is only a pattern, Thus it doesn't mean that the candle will really go through with these lines.
I am expecting that by the start of March, of near end of February, one of the pattern lines (including the ray) will be followed. Also, do your own research. PERIOD
Basically 1-2, had happened to trace the cat catch of our Fibonacci retracement. So, I can conclude that the 3-4 must also enter the 3 steps of our Fibo and if not, then it is failed . The 1st entry is the Bull stage of our Fibo (upper black range). The bottom black gap is the Cat Catch of our Fibo, and it is the most interesting point, for me. The 2nd black gap is the "Between Cat and Bull" level.
Always remember that it is only a pattern, Thus it doesn't mean that the candle will really go through with these lines.
I am expecting that by the start of March, of near end of February, one of the pattern lines (including the ray) will be followed. Also, do your own research. PERIOD
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Also, I am expecting a $70,000 by the 1st week of April. If we will be lucky, I am hoping for the end of March :)
