Part 2 - Focus on Low Time Frames, FIB's & Bollinger Bands Basis

I will not be surprised if we come back down to the Basis in the Bollinger Bands in the Daily (24h) TF. Which is currently right at $10,000. My 50.0% FIB RT (Re-Trace) is also around $10,000 near the Bollinger Bands Basis in the Daily. I'm expecting this turn back downward to only be brief. Which means I'm expecting a return to upward pressure rather quickly. WHY? Because our Purple Energy in the Weekly, 9-Day and 12-Day time frames is nearing exhaustion and appears ready to turn back up to upward pressure very soon.

Will we go to higher highs when the Purple Energy in the Weekly, 9-Day and 12-Day turns back up? No, I personally do not believe we do. I believe the upward pressure will only continue for a couple of weeks at most and then we turn back down till some time in mid September where we will see the BEGINNING of a SIGNIFICANT reversal to the upside and test the ATH (All Time High) by end of 2019.

More charts (updates) will be provided to this publication over the next several days. I'll be sure to post an update approximately 24 hours AFTER the creation of a NEW 9-Day, 12-Day and 2-Week candle that begins on Monday, August 5, 2019. The indicators will update in those time frames on August 5th. When they do, we want to see if the Purple Energy has bounced (exhausted) and turned back upward for a brief stint before turning back down once more till at least to mid September.

I'll post a chart shortly with the FIB I focused on in the video.

Thanks for your support!

Stay Awesome!

David

Komentar:

Daily (24h) to provide a look at the FIB Re-Trace levels:

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As you know, the upward pressure continues based on what we saw in the higher time frames in Part 1 Video of this series. Simply posting this same update here that was posted in comments section of Part 1 video.

2-Day TF WITH indicators:

24h TF WITHOUT indicators:  The important thing to remember is upward pressure continues for a bit into the month of August before we go into one final brief bear trend in September to set us up to test ATH (All Time High) in Quarter 4, 2019.

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Update on the office remodel: Please ignore the mess...

Here's the new sliding shelf for the keyboard in the closed position:

i.imgur.com/SgftJiu.jpg

Here's the sliding shelf for the keyboard in the open position: I placed a keyboard on the sliding shelf for "perspective".

i.imgur.com/UWd3NeF.jpg