We all know the markets are stretching the top. Thanks to the "Free Money", capital keeps coming. Valuations can only stretch so far before they break.
It can certainly float higher from here, no doubt that. But IF there is a top soon, one of my zones will catch it. If it blows past all projected zones, it will crash harder.
The charts are 3 different timeframes of the same data. Left is Daily, Right Upper is 1hour, Lower is 34 minutes. Drag DOWN on PRICE scale to see more zones above.
Plotted are several key Resistance and Support zones. These zones are derived from various Fib structures. Fib structures are derived from waves of movement.
every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
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تعليق
ALERT: Possible Top #1
Just hit the Golden Fib EXACTLY Taht is a "Golden Fib", a Major Deal.
Got past first resistance and retesting from above
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Zoom IN (21 min) for a closer look at current top Some nice "Pings" (exact reflections) on this fib. Those pings further confirm this fib series. Thus adding confidence that ONE of these fib WILL be the top.
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SUMMARY - new week about to open after MLK holiday. - fib series confirmed VERY well, keep watching these lines. - currently looks to want higher, after retesting previous resistance as support.
Pretty serious dip in early market hours Friday now approaching a key support at 3290ish. Break below might set off some panic selling. ===============================================================================================================
تعليق
Virus Fears Mounting
Currently in UK session Monday, before NY open. The drop has continued with increasing momentum
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Zoom IN (8 min) for a closer look at the bounce we are getting of course, it bounces from our pre-mapped zone. If I had been active and measuring these two legs down, this bottom should have been foreseeable.
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Zoom OUT a bit (15 min) and possible EW count the 12345 for A is sloppy, no doubt. It is possible that my 12345 was the entire ABC but seems unlikely. So now to measure the last two legs down, and start measuring the bounce.
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SUMMARY: - expected pullback is happening full force. - we may have finished "wave A" of an ABC move. - I expect NY to buy the dip, at least to make wave B. - need to make some measurements and update.
We definitely had 2 distinct waves down, as confirmed by fibs As expectable, the initial fear lead to a parabolic wave (Golden Fib, 1.618x each line). Subsequent decline occurred in a "Linear" fashion.
And the Blue fib of wave C caught that bottom exactly, just shy of our "strong" support zone already mapped.
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