Called the 6k Bottom...... called sideways movement between 38 and 50 Fibonacci. 50 Fibonacci line starts at 7k.................. anything in the 7s is a good buy..... once we crack the 61 golden fib we are up to 13k
Not only are bollingers tightening they are tightening sideways..... Possible to drop to the 38 fib again but it was rejected quickly and either way forms a double bottom reversal at 6k or we are going to finish a inverse head and shoulder reversal pattern. EITHER WAY WE ARE CLEAR ON OUR PATH TO 25K TO 30K
Not only are bollingers tightening they are tightening sideways..... Possible to drop to the 38 fib again but it was rejected quickly and either way forms a double bottom reversal at 6k or we are going to finish a inverse head and shoulder reversal pattern. EITHER WAY WE ARE CLEAR ON OUR PATH TO 25K TO 30K