Thursday, December 10, 2020

Reaction At Fib Extension/ 'Pi' Date- Likely Prequel Moves

Update 12:12pm EST: Chart shows internal leg fib target zones currently. It's possible that the market needs to print more negative breadth numbers prior to facilitating a negatively diverging top which is how these moves could be the prequel to a top. A retest in cash of the futures lows may happen given this potential scenario.

Pre-open: 9:09am EST: Looks like minimum 5 waves of 3 down at lower degree printed yesterday followed by wave 4 up so wave 5 down may now be printing at next degree higher.

Chart from 12/9 pre-open did react at fib extension and adjacent to Pi days increment = 10. So far Counts 5 waves down on 5min chart but could be 5 sub-waves of 3 down which would leave more to go.

See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/202/20/204/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report

No comments:

Post a Comment