right, It was a major top. EWT, Fib, Squeeze Pro stochastics
Diupdate
At the last new ATH I published a suggestion that we had hit a major top. That we might continue down for a while... It happen on a 2 hour chart we are in wave c down. PTs in
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
blue at Fibonacci levels, with Squeeze stochs changing to strong selling.
These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying.
w/o PP.
4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT.
i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.
Catatan
the market continuiously bounces through the PP levels up from S6 through pivot to R6 buy sell/short, buy to close/buy forever, that is my strategy.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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