Hi All
Confirmation of an earlier post of mine 4 days ago. The reversal trend has bean confirmed within the bump and run reversal trend. This has also confirmed to me that we are in wave 5 of a 5 wave correction from the ATH. Wave 4 just having peaked.
Wave 5 could have approximately the same percentage decline as wave 1. This will take us to around the 6800 level if we use the body of the candle for wave 1, and 5870 if we use the bottom of the wick of wave 1 for measurements. At this stage, it is too early to tell, but the 5870 mark would be a good double bottom. It also coincides with the more accurate estimate of the large original H&S down target.
This is not trading advice, purely my opinion.
Chur
Confirmation of an earlier post of mine 4 days ago. The reversal trend has bean confirmed within the bump and run reversal trend. This has also confirmed to me that we are in wave 5 of a 5 wave correction from the ATH. Wave 4 just having peaked.
Wave 5 could have approximately the same percentage decline as wave 1. This will take us to around the 6800 level if we use the body of the candle for wave 1, and 5870 if we use the bottom of the wick of wave 1 for measurements. At this stage, it is too early to tell, but the 5870 mark would be a good double bottom. It also coincides with the more accurate estimate of the large original H&S down target.
This is not trading advice, purely my opinion.
Chur
