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Replies to post #610971 on $Stock*Shop*Charts*News*Option$
07/20/21 3:09 PM
[On the Daily Level, there was a likelihood of a further decline moving into the next target of Mon. 19th, that is reinforced by also a Directional Change Target. However, we also see that there is another Directional Change due in the next session and then the session thereafter warning this is a choppy period ahead given that the previous session was an outside reversal to the downside and it closed below the previous low with the opposite trend implied thereafter into Tue. 20th which is a Directional Change. There are 4 Daily Directional Change targets starting from Mon. 19th to Thu. 22nd suggesting a choppy coiling period for 4 Days. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. Currently, the market has declined breaking beneath the previous week's low of 3464782 but it remains above the previous month's low of 3327193suggesting this is still retesting support...
The strongest target in the Daily array is Wed. 21st for a turning point ahead, at least on a closing basis. It does appear we have a choppy period starting Mon. 19th until Fri. 23rd, but we do have a key target arriving also on Wed. 21st with each target producing the opposite direction for that 5-day period. However, given that Wed. 21st is a very strong target, this can produce an important event. This is particularly true since the next interval is also a Directional Change. Thereafter, we see the next target coming into play as Tue. 27th until Fri. 30th with again each target producing the opposite direction for that 4-day period. There are 4 Daily Directional Change targets starting from Mon. 19th to Thu. 22nd suggesting a choppy coiling period for 4 Days. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction.
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