Friday, November 25, 2016 12:41:43 AM
and the immediate S+P target....
just overhead. the Fib arcs craft such precise connection points to the shape of the waves... the next target is around the 2220
curious to see what happens when it gets there.
Notice I did Not draw the arcs from the November low,but chose the October shoulder low as the starting point. just to see what it might look like. and to imagine the chart as If the downwave stopped in October. the proper pullback that would have/should have stopped there in October...Holding up the "wave 4" picture ,which now starts to become the wave 5 rally to higher targets,just like you would see in a proper wave pattern. and now the rally takes the S+P right back up to where it intended to be ...,without that November plunge.
In other words, crafting what a more real or normal Fibonacci true picture would have intended to look like.
just overhead. the Fib arcs craft such precise connection points to the shape of the waves... the next target is around the 2220
curious to see what happens when it gets there.
Notice I did Not draw the arcs from the November low,but chose the October shoulder low as the starting point. just to see what it might look like. and to imagine the chart as If the downwave stopped in October. the proper pullback that would have/should have stopped there in October...Holding up the "wave 4" picture ,which now starts to become the wave 5 rally to higher targets,just like you would see in a proper wave pattern. and now the rally takes the S+P right back up to where it intended to be ...,without that November plunge.
In other words, crafting what a more real or normal Fibonacci true picture would have intended to look like.
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