6-year trend cycle once the midpoint breaks after our next false break expects 6k area as a target. follow my related idea link if ur confused whats going on with the chart
not trading advice
not trading advice
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Click on chart to follow an in-depth idea of this chart
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midline watch out for its bounce or break especially the break
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we are now approaching a heavy decision point
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my idea is still down but it has to fail the midpoint and create it as resistance time will tell be patient this is a choppy zone risk should be managed super tight if ur not already in a short.
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some fibs also going down
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0.618 heavy rejection zone 1.0 minor support see if that will become heavy support or if we dip and test 6xxx mid 1.236 zone
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6k ur first zone will go deeper imo