Follow up to my previous post when SPX topped, see link below.
The 9.618 extension is a very common Murder of Moves.
It already rejected, and day after was Trump-China escalation.
Thus the Gap down, which gave me another Impulse/fib to map.
Now I look for Confluences of the two Fibs pushing in opposite directions.
Blue arrows are possibilities implying sooner the bounce, higher the low.
One Trump Tweet could change it all, but I am doubting we have bottomed.
My previous Post raising alarms about the 9.618 top:
The 9.618 extension is a very common Murder of Moves.
It already rejected, and day after was Trump-China escalation.
Thus the Gap down, which gave me another Impulse/fib to map.
Now I look for Confluences of the two Fibs pushing in opposite directions.
Blue arrows are possibilities implying sooner the bounce, higher the low.
One Trump Tweet could change it all, but I am doubting we have bottomed.
My previous Post raising alarms about the 9.618 top:
Nota
Got the bounce today as I thought we might .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.