April to May, accumulation and distribution, fib pitchforked

15 мая 2018 г.

April to May, accumulation and distribution, fib pitchforked

During charting the whole move from april to now one centerline was always in my focus, and two parallels to that. I had been looking for the mathematical reason for that. Think I found it, make up your own mind.

The chart also details the phases of accumulation and distribution, recently the breakling of the ICE, which happens to be my fib centerline, and we have tries or are still trying to rally back to the ICE. If you like to know more about Wyckhoff and especially the rally back to ICE check in here:

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15 мая 2018 г.

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Zoomed in

16 мая 2018 г.

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16 мая 2018 г.

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MY guess is a rebounce to the upper fib, then retest and break lower fib and reach out for 7890 in next 12-36 hours

16 мая 2018 г.

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Added fib 1.618, as that one is in the green target box

16 мая 2018 г.

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potential wave count: alternation rule 2/4, 2 sharp, 4 flat

16 мая 2018 г.

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It could be that wave 3 terminated at 8100, which plays nicely with fibs, that would mean a retrace in the steps 8400, 8593, 8744 max

16 мая 2018 г.

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16 мая 2018 г.

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17 мая 2018 г.

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17 мая 2018 г.

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wave 4 calculated correct by 13 points

17 мая 2018 г.

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Stop on one of the two fibs

18 мая 2018 г.

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Most confluence at 7770, but I think it will stop at the fib line around 7860-7790 (depending on time it takes to get there

18 мая 2018 г.

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retrace now 8128

18 мая 2018 г.

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if wave 4 finished at 8160, then confluece at 7806-7617

18 мая 2018 г.

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Sorry, 7805-7817

18 мая 2018 г.

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Wave 5 can also be truncated if too many people FOMO in

20 мая 2018 г.

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8599 hit, short now, wait if it goes above 8600, then probably 1.618 extension to 8804

21 мая 2018 г.

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Sorry, not so much time lately
Curreent pullback or already further markdown, but I guess first some ranging (Wyckhoff theory again, will update soon).
Current situation might be five wave down (already too far for abc), next support 8284 and 8199, 8200 last stand for bulls, hitting 0.382 fib of move upward and downtrend line from 9990

21 мая 2018 г.

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Downtrend channel broken, could reverse here

22 мая 2018 г.

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MACs and RSI close to break

22 мая 2018 г.

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Waiting for ABCD pattern to emerge:

22 мая 2018 г.

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Close to target, wedging

22 мая 2018 г.

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Touchdown in zone, 35% filled at 8212

22 мая 2018 г.

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More moderate targets now, weak bullish reaction, see chart

22 мая 2018 г.

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Very weak reaction, setting SL to breakeven. Average buy 8202, SL 8214

22 мая 2018 г.

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I fear further down

23 мая 2018 г.

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25 мая 2018 г.

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Next 24 hours

29 мая 2018 г.

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30 мая 2018 г.

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Bad if 0.618 (7238) is broken by much

30 мая 2018 г.

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Bigger picture

31 мая 2018 г.

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See new idea for further updates: