Hey, so in this chart I decided to forecast the pivot where the correction ends and another wave starts. I decided to plot resistance, support then choose (in my opinion) the three most likely routes price may take, then choose one as the most probable.
NO GO Prediction 1 (Green): Although possible, this path is unlikely due to a lack of trend support and a confirmation with the 200 day MA
NO GO Prediction 2 (Red): In my opinion, this is has a higher probability of truth than prediction 1. This is because it eventually catches trend support, but breaks initial support and the 200 day MA
GO Prediction 3 (Blue): In my opinion the trajectory of this prediction is will end up holding more truth than the previous three. It catches initial support, catches the 200 day ma and also flows with the greater trends.
NO GO Prediction 1 (Green): Although possible, this path is unlikely due to a lack of trend support and a confirmation with the 200 day MA
NO GO Prediction 2 (Red): In my opinion, this is has a higher probability of truth than prediction 1. This is because it eventually catches trend support, but breaks initial support and the 200 day MA
GO Prediction 3 (Blue): In my opinion the trajectory of this prediction is will end up holding more truth than the previous three. It catches initial support, catches the 200 day ma and also flows with the greater trends.