Quick and thus Messy plot of the latest wave structure. I was plotting 10.5k as a target/resistance for some time. The last leg (wave 5) was caused by Trump's new tariffs.
There are several important fibs clustered tightly around 10.5k. If bulls break through with minimal retrace, then 11k is opened. But most likely is a correction from 10.5k, to retest at least 10k
10,322-350 might offer immediate support but not likely to be strong. 10,165-174 is a tight confluence that should cause a reaction if touched. 9920-9947 should be very strong, and a good target for 10k stop hunt.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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評論
So it played out to the Resistance zone exactly albeit via slightly different EW path than originally plotted