Pretty new at this but I think I see an upcoming potential pivot point (green ellipse), not sure if up or down yet but current signals look good. Take a look at my notes on the chart and let me know what you think. Will be looking at 4hr MACD for early indication of which way this may swing.
Commento:
the 1 hr chart is looking more and more like time after the first window highlighted above.If price falls below 50 EMA support then the price may tumble up to 10% before correcting a bit prior to initiating a full correction. the coming hours into tomorrow morning will tell.
Commento:
1hr candle closed below 200 and 50 EMA lines. if next 4hr candle closes below the 50 EMA line i believe my prior prediction will be confirmed.
Commento:
If my original prediction continues to follow then we may see a bounce around the 38.2% retrace from the last big bear dive at 830 or so back up to the 23.6% retrace at roughly 895 before it completes the full nose dive. Stay tuned.
