HEADER - This is an updated look at price action through October.
SUMMARY - In notes of DRAFT 2, I added that the 6/12 spike was weak and is very suggestive of a deeper move down in July. That said, I think 1740 area should hold for a second retest due October.
DETAILS - See DRAFT 1 & 2 for details. Links are below. We are following blue path now, orange path a big underdog.
SUMMARY - In notes of DRAFT 2, I added that the 6/12 spike was weak and is very suggestive of a deeper move down in July. That said, I think 1740 area should hold for a second retest due October.
DETAILS - See DRAFT 1 & 2 for details. Links are below. We are following blue path now, orange path a big underdog.
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NOTES - This is not obvious, but if the drift keeps dropping - meaning instead of a higher October low vs July should we get a lower October low vs July - it's going to get really ugly in late 2022 and early 2023. Conversely, if we hold the 2 digagonal trend lines w/o breaking under, odds for DECEMBER-FEBRUARY RALLY would be significant.
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