FIB FLOW CHART PLACEMENT FROM PEEK OF A...
... Spring and/or Up Thrust DOWN towards a re-tracement during a Throw Back (Consolidation) I've found "2 x Guns down" offers closer results than most...
Let 0% be your Peek, of course; and let the Preliminary Support "x 2 Guns Down" Line (RT). to 0.618.
COPIED AND PASTED:
Let 0% be your Peek, of course; and let the Preliminary Support "x 2 Guns Down" Line (RT). to 0.618.
COPIED AND PASTED:
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Same one again but corrected the "to 100 %" locked up and had to reboot.
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IF it remains bullish then this in the future more than likely... I'm saying that's where we end up during the peek of an Up Thrust just before the June Month Dump:
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sorry about that last one. Needed to zoom in on it more so you could see the ACTUAL dip down to 0.618
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Making "2 Guns Down" the rule on these type of bullish trends with Fibs...
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AND can get an "idea" of where we could be heading if the "Bullishness" continues....
; )
; )
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Self FulFilling Prophecy
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As long as the LONG TERM TREND is BULL....
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I would say, Since we survived that BitFinex Hack with only a scar and got back ON TRACK and finished off at where it finished SPEAKS VOLUMES as to our bullishness, in my opinion
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Also, WE MAY NOT BE FINISHED... hehe
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The First Two I did way down low in early history had PS (Preliminary Support) found differently because of DIFFERENT circumstances. It was NOT BULL and we had to REALLY FIND SUPPORT.
Then we usually descend into a Selling Climax for the last time, where we have found bottom that BEGINS a Wyckoff Cycle to a Spring. That SPRING and/or Up Thrust is the formation of our FIRST Gun coming out of the BEAR TREND. It went up a couple of times on Automatic Rally's (AR) and came back with a couple of tests all through out 2015...
Then the LTC Block Halving that fuel BTC to pump.., then dump just before THAT SPRING then UP THRUST we had...
That's when the counting of guns begin because we have gone Bull...
Then we usually descend into a Selling Climax for the last time, where we have found bottom that BEGINS a Wyckoff Cycle to a Spring. That SPRING and/or Up Thrust is the formation of our FIRST Gun coming out of the BEAR TREND. It went up a couple of times on Automatic Rally's (AR) and came back with a couple of tests all through out 2015...
Then the LTC Block Halving that fuel BTC to pump.., then dump just before THAT SPRING then UP THRUST we had...
That's when the counting of guns begin because we have gone Bull...
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Placement of MOST of the PS Lines ONLY FOR FIBS to base "support"
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Current location close up:
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Proper Placement of NUMBERING in Flow Chart for Guns (Loaded or Not Loaded):
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My bad, no yellow circle this time:
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GRRRRRRRRR....
This time.... NO YELLOW CIRCLE:
This time.... NO YELLOW CIRCLE:
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Same chart but back to Heikin-Ashi Candles: