I don't usually explain, and just entertain myself doing analysis of the future, but, I'll be changing that trend, lol.
First: according to my knowledge of waves, everything has to arrive at the same price, what we usually know as a double top, or double bottom.
Second: according to harmonic patterns, this rule applied also to waves is followed, you have to reach at least 78.6% fibonacci in any market.
Third: according to market geometry, before falling, a rise of at least 61.8% is needed (which gives room for a strong correction).
Fourth: according to fib-spirals, 22k-25k is a strong resistance zone, for me, it can only be made false breaks.
Fifth: conforming to the elliptical pattern, it reveals a tendency with power to break any resistance and quickly reach the 20k zones.
There are more reasons regarding institutional prices, false breakouts, geometric patterns, quantum-patterns, etc. that in another moment I explain.
Thanks.
First: according to my knowledge of waves, everything has to arrive at the same price, what we usually know as a double top, or double bottom.
Second: according to harmonic patterns, this rule applied also to waves is followed, you have to reach at least 78.6% fibonacci in any market.
Third: according to market geometry, before falling, a rise of at least 61.8% is needed (which gives room for a strong correction).
Fourth: according to fib-spirals, 22k-25k is a strong resistance zone, for me, it can only be made false breaks.
Fifth: conforming to the elliptical pattern, it reveals a tendency with power to break any resistance and quickly reach the 20k zones.
There are more reasons regarding institutional prices, false breakouts, geometric patterns, quantum-patterns, etc. that in another moment I explain.
Thanks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.