Fine tuned some zones from previous plot above. Wave 4 looks to have completed just as planned. Now starting wave 5 off to a pretty good start.
8577-8623 is Immediate Resistance which may cause a pullback. 8975-8027 is MAJOR resistance as we all know, risk of double top. 9378-9431 is the Minimum expected, as a stop hunt above 9.2k.
9716-9726 is my Best Guess for the final target of this wave.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Nota
Early Update
We have broken through "immediate resistance" and pinged the local 1.618
.
Zoom IN (15 min) for a closer look at that Ping Very clean and perfectly expectable. BUT, this is the last possible stop for an ABC correction, instead of a 12345 Impulse. So some caution here, this would be the perfect spot for a wave C down to start.
But on the other other hand, we have a good sign: that bounce off the top boundary of the zone (higher tf fib) is a great sign. IF we proceed from here to surpass that green 1.618, THEN we can be more confident in our targets.
.
SJUMMARY: - Early signs are good, still in sync with the plan. - Currently at a Make-or-Break zone, still possible we go into a wave C down. - 8625 is the Key support right now, if held we still remain as bullish
Zoomed IN (15 min) NICE. Hi on candle 8964, zone bound at 8974.68. $10 out of 9,000! Close enough to call a PING!
This looks to have the momentum to break this resistance, but lets see. That was quite a trek by bulls to get here, might need some rest before the BIG battle coming!
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.