Hello traders.
Today using simple trendlines and fibs I show why I believe we are gonna dip from here. We could still make it to 600 but we need to dip now from the top of a rising wedge trendline thats from August. Also the little dip in Oct has us reaching the 1.618 fib up from that which is a classic reversal point.
Ok the question now is how big of a dip.... The white box target area bounce would leave the rising wedge intact. I really think it needs to drop to one of the lower boxes so it will have enough energy to go much higher into EOY.
Everyone is saying directly up to 600 from here. So its possible we could have a bigger dip as so many being long right now. That would in effect squeeze us lower.
Also we have the possibility of Israel attacking Iran at any moment in retaliation.
What do you think?
Let's see what happens!
Today using simple trendlines and fibs I show why I believe we are gonna dip from here. We could still make it to 600 but we need to dip now from the top of a rising wedge trendline thats from August. Also the little dip in Oct has us reaching the 1.618 fib up from that which is a classic reversal point.
Ok the question now is how big of a dip.... The white box target area bounce would leave the rising wedge intact. I really think it needs to drop to one of the lower boxes so it will have enough energy to go much higher into EOY.
Everyone is saying directly up to 600 from here. So its possible we could have a bigger dip as so many being long right now. That would in effect squeeze us lower.
Also we have the possibility of Israel attacking Iran at any moment in retaliation.
What do you think?
Let's see what happens!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。