Short Term Bullish Relief Rally (Before Xmas & New Years Drop)

18. Dez. 2018

Using Elliot Theory & TI's, this is the most likely scenario I see playing out - we see some short term relief up until Xmas before we make our final decent to lock in our bottom.

- NVT should hit around 40-37 area and bounce like it has many times before (Oct 2012, June 2013 & Jan 2016)
- Fib Resistance Fan has also been a pretty solid support/resistance indicator all year
- Previous High Volume around 3k - 2.8k region in the past, as it drops below 3k I believe alot will be filling there bags because this is a bargain price we may never see again.

Of coarse nothing is for certain (and I'm also still learning) and things could progress fast and wick much lower so don't use this as financial advise, but if you are trading then be smart and use stops (beats getting liq).

1. Jan. 2019

Anmerkung

This has been pretty accurate so far, now it’s getting close to showing its hand.. we either see some more heavy selling like this chart shows, or the inverse head and shoulders plays out and we see some more gains in the mid-term. I think either way it will play out fast, we’ll see a big pump or dump soon.