Should we get a CLOSE above the 0.618 level of the high from the second penetration of the 3x3 to the low of the candle that confirmed the DRPO, it is invalid. Since this is a monthly DRPO the close would also need to be monthly close!!!
Expect this area to be tested before the real fall starts!! This could be ideal entry leve!! So sell the test of 2000 at the latest to not miss this train, if it starts...
Kommentare
QasemALALI
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do u think can happen before mid of march ?
Fibtree
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what exactly? The Failure? It would need to get a monthly close above 2000 for the Signal to fail. In February we have not got one so far and I don't think we get one on Monday :)
The pattern itself could take months to reach its target but usually stock markets rise slow and drop quick as you surely know.