Internal Fib Pattern #1 23.6% to 9% targets the 50% Fib (retrace from 6600) target is 4888 on c.b. With a typical p/l ratio of 4.6 to 1
This is not a recommendation to buy or sell.
บันทึกช่วยจำ
We're around the 9% fib. If we bounce from here target is valid still...
I would think any push farther down would invalidate the 9% bounce and target/pattern.
So target would change if it double bottomed. New wave would have to be reconsidered if we made a new low... need another bounce and so fourth to establish the next wave. If there is any more downside hope there is nothing more than a double bottom.
Beyond that the market would be in for tough times. IMO.
บันทึกช่วยจำ
บันทึกช่วยจำ
Looks like we may retest 3600 soon.
บันทึกช่วยจำ
bouncing on the .236
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
breaking long term trend line, but not on log. log breakout, impressive...