This is only the beginning of the formation of the Trigger for the gun. Just coming up from the top of the hand grip to form the trigger.
We found PS (Preliminary Support) back in Aug/Sep; ended in Selling Climax. Which, resulted in an automatic Rally, We just went through that and coming back up. Imagine water rushing up over that peek and hanging in the air for a moment before crashing down at the bottom. THIS IS THE SPLASH coming up from THAT BOTTOM.
Except more consolidation soon and down for a TEST. How far down? Who knows.
One more important note, if this really pumps here because of recent news, THAT will change things. Will keep this updated...
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WEEKLY with ADDITIONS:
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DAILY CLOSEUP [But not too much. Want the FIB SRF Numbers...
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A little more CLOSEUP with FIB SRF numbers more visible:
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I missed a 0.618 FIB: It's corrected...
Let you see HOW it was corrected before zooming in:
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Weekly Heikin-Ashi (HA) Candles:
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Certainly NOT convinced with current HA Candle, EVEN THOUGH we have a rally currently...
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But Yeah, HA Candles for the DAILY do look good. Nearing the end of the Weekly candle where it is now beginning to show reversal....
I'm still wanting to wait before jumping on.
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0.618's lined up with the FIB Speed Resistance Arcs (FIB SRA's),''
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Excuse me... Now they're lined up...
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Had to make one adjustment...
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JackieHuynh
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yeah, i feel that this is just a temporary pump from Barry's news. However, his ETF (investment trust) is not publicly open yet. So i hope ETC will go down again so we can accumulate more cheap ETC :)
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@SamHuynh, Agreed.... I'm still waiting... I have no problem getting in higher; or at current level when it dips back down from a newer recent high before another automatic rally.
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@SamHuynh, I'm fine with waiting... I believe we're making the right decision. If one did not get on the boat earlier...