I'll focus on one thing at a time, having bounced at the bearish angle 1/2 opens the possibility of a new bottom.
In this study I included the previous ATH which helps me to adjust the scale better. As many know, in angles scale is everything and honestly it is a nightmare. Taking into account that I can see how the angle "bullish" 8/1 seems to have been the support that hold the rebound.
If this is correct, it gives me hope to see within this same line a new attack to the 1/2 bearish angle.
If this angle is lost what happens between 650 and 600 will be extremely important.
I do not want to sound dramatic, but having lost the battle of March 4 completely opened the opportunity to see 550 or even 400.
Therefore I will focus on one thing at a time, angle 8/1, section 650/600 and the last castle, the vertical red dotted line.
Let's see how this develops, exciting moments without a doubt
In this study I included the previous ATH which helps me to adjust the scale better. As many know, in angles scale is everything and honestly it is a nightmare. Taking into account that I can see how the angle "bullish" 8/1 seems to have been the support that hold the rebound.
If this is correct, it gives me hope to see within this same line a new attack to the 1/2 bearish angle.
If this angle is lost what happens between 650 and 600 will be extremely important.
I do not want to sound dramatic, but having lost the battle of March 4 completely opened the opportunity to see 550 or even 400.
Therefore I will focus on one thing at a time, angle 8/1, section 650/600 and the last castle, the vertical red dotted line.
Let's see how this develops, exciting moments without a doubt
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Just in time.
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It looks like we will finally land on runway 390 on March 28
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28 is today.... I do not even know the date where I live.
Sorry 31, over the red doted line
Sorry 31, over the red doted line
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Support not solid ---
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Obviously there are many variables but in general this scenario in which the angle 2/1 is respected and close to day 13 we are in the R & S (or near 770) range would be very positive.
We'll see...