morning ~
my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here
in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today.
the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse.
it can expand higher, and invalidate this bear idea easily - so tight stop on this swing.
a push above my 100% extension, will likely send it much higher, and confirm a bullish breakout.
w5 target = 34.5k
my expanding diagonal was invalidated, but the 0.382 wave 4 target still sits over here
in my bear post from yesterday, if you look closesly, i had a burgundy box around it, and we are here today.
the key is how it came up here, through a 5-3-5, which is an abc, rather than an impulse.
it can expand higher, and invalidate this bear idea easily - so tight stop on this swing.
a push above my 100% extension, will likely send it much higher, and confirm a bullish breakout.
w5 target = 34.5k
Note
sell off seems kinda weak, watch the reaction from 0.50~0.618% retracement in the local area. potential for bullish expansionNote
okay, it looks game for continuation ~Note
straight into the abyss.
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i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.