Just a quick look at Fibs pointing to a bounce due for ETH
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Big picture perspective, showing the fib extensions I am using.
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Well, here we are at the top of my guess for a support zone. Bounce a bit off the very top boundary, would be nice if that was the low, lets see.
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I min chart lol. Jambed SL and slightly better than BE. Now we need to break that -.236 extension to prove this not a dead-cat bounce
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Trade still alive, attempting to break that pesky -.236 extesion. SL moved to just below the next fib.
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Argh, was not able to break above the .236 EXTENSION before falling back the 1.0. so I have moved SL to just below the .236 RETRACE price, because I think this bounce will fail
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Wow, nice bounce. but might be ready to pullback.
I closed 30% of position at the -3.236 extension (common end of an impulse).
Have remaining 70% with SL just below the -1.618 extension (common retrace).
Now to gauge the retrace, am looking for an ABC structure, will update here soon.
I closed 30% of position at the -3.236 extension (common end of an impulse).
Have remaining 70% with SL just below the -1.618 extension (common retrace).
Now to gauge the retrace, am looking for an ABC structure, will update here soon.
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ABC correction has started and seems to be following the rules.
I am hoping the 1.618 extension, $200 price, and Wave 4 start zone holds
I am hoping the 1.618 extension, $200 price, and Wave 4 start zone holds
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ABC retrace following the rules
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Possible path to 220 next
the Golden Ratio is my Religion
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the Trading View is my Nation
the Moderator Tag is my Flag
