Looks Good

If we finally have a top in, I have already discussed the good fibs (here and here) and so let’s zoom in.

From the high of day, we do have a very nice impulse wave down, and we can count the bounce as a corrective 3-wave move (the red a-b-c) which came to the 61.8% retracement of the liquidation break decline.

So, it is a good setup for a 1-2 here of an initial degree. Confirmation will come if we get a third wave decline from here that should ideally take us to 4255 or lower from here.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

One thought on “Looks Good”

Leave a Reply

Your email address will not be published. Required fields are marked *