5 wave move down in yellow to start a larger ABC retracement (5-3-5). Currently working on it's second wave in that larger ABC retracement - the green abc takes it to the golden pocket retracement of the 5 wave move down; the blue abc takes it to the golden pocket extension of wave a in that blue subwave.
The target for a golden pocket extension of the 5 wave move down in yellow would be roughly $3700 and for a 1:1 extension, roughly $1300. Shorting between $7700 and $8200 - expecting confirmation of the reversal between April 7th and April 9th - significant dates from GANN analysis.
That's my take, but I'm new to this - happy trading!
The target for a golden pocket extension of the 5 wave move down in yellow would be roughly $3700 and for a 1:1 extension, roughly $1300. Shorting between $7700 and $8200 - expecting confirmation of the reversal between April 7th and April 9th - significant dates from GANN analysis.
That's my take, but I'm new to this - happy trading!
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