This is an idea that combines Wyckoff theory, Dow theory and modified Fibonacci retracements and extensions.
Simply put and visually very clear.
There is accumulation at the 0.382 level and now at the 0.236.
Possible leg up coming once the buying is done.
Expect a 17% move up to the 47.06 level. (-0.5% extension).
Good luck
Simply put and visually very clear.
There is accumulation at the 0.382 level and now at the 0.236.
Possible leg up coming once the buying is done.
Expect a 17% move up to the 47.06 level. (-0.5% extension).
Good luck
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