Quick update to map upcoming resistances. Bounce thus far looks reasonably strong. What happens at the resistances above is key.
$ 6359-6418 is immediate resistance, possible end of small order wave. $ 6839-6969 will be pretty strong resistance, likely end of this leg. $ 7198-7278 is maximum expected, assume we get past 7k round.
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.
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Playing out Perfectly.
Price action exactly as expected thus far Now at that 2nd resistance just hosrt of 7k. That is a double fib, which make for strong and precise boundaries. ==============================================================================================
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Yup, that Double Fib mentioned above was strong as expected Pulled back hard, and now might be in an ABC wave down, with further downside.
Measuring the pullback now for any clues on outlook. =============================================================================================