Hi All! I wanted to update the previous chart and make it easier to see. So far we are on track. I added a couple scenarios with Ghost bars(loosely drawn, bounce spots are what is important)
Notice the perfect alignment of the gap fill and the March bottom Anchor VWAP. Everything is an just a guess but that is my target for the bottom, the timing is going to be tough to accurately predict and the extra consideration should be considered with the US Dollar ($DXY).
Note: Also where the Anchor Vwap is at from the March Bottom.
Scenario 2: If the shorter term support holds in the channel we likely bounce around 105.5 and see a rejection between 108 and 106.50 then fill the lower gap at 92.62
Note: Also where the Anchor Vwap is at from the March Bottom.
***BONUS: Make this Chart Live Action by simply stretching and shrinking the scale back and forth, you get to see a solid Apple Chomp!***
I hope you all enjoy !!!
