ChainLink is still retreating from last surge. It may be undergoing a "bottoming" process. Delicate Dance on sub-Fibs shows some intent.
Part of my ongoing series to demonstrate my Methodology that I call "Ordered Chaos".
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Komentar
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We have a wee bit of a bounce as expected. Throwing a fib on the bounce thus far looks headed exactly into resistance at/around the blue 4.236
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Komentar
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Yup, right into resistance now watching each line below, 3.236 of first interest.
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Komentar
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There could have a wee bit upsidte left, at least per EW wave theory
Nicely done. Do you feel it has hit it's bottom or may have to break $2 to find it?
EuroMotif
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@mtb1314, not sure yet, but a decent bounce with some Fib legs.
See my last update above, it finished that wave and run into resistance.
Now we need to see what the pullback looks like, to gauge bull strength.
mtb1314
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@EuroMotif, Gotcha, thank you so much for your insight.