wyckoff distribution, retracement of the parabolic rally
hi guys,
we are about to correct from the parabolic rally. there is a distribution scheme between 17200 and 18400. i pointed out three target point.
the all coincide with the fibs retracements. at all of the three targetpoint coincide two fib lines at the same price. confluence in the market.
the last targetpoint would end at 618 level. this is the golden zone. also this is the area of the previous high of the rally of next year. i think i will be a steep and fast
correction so the trend continues to all time highs in the beginning of next year.
we are about to correct from the parabolic rally. there is a distribution scheme between 17200 and 18400. i pointed out three target point.
the all coincide with the fibs retracements. at all of the three targetpoint coincide two fib lines at the same price. confluence in the market.
the last targetpoint would end at 618 level. this is the golden zone. also this is the area of the previous high of the rally of next year. i think i will be a steep and fast
correction so the trend continues to all time highs in the beginning of next year.
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