Here's a count for you: What if we are doing the a-b-c (finished c?) on the A of the 2....of course, that means bounce here, and probably finishing day above wedge break (after all, it was impressive this morn-g)...via the B of 2
Tomorrow, late today...we start the C of the 2 down...likely starting in 2090-2100 (but could be higher) range.....C should take us into (what many have as a key turn date- August 6/7....new moon on 4th, isn't that usually a low?)
Many have this next turn date as a powerful one....wouldn't that nicely cooincide with the start of a 3 of a C? g
Fibo retrace targets (rough figures: Low, 1940- High, 2100)
23.6%= 2062
38%= 2039
50%= 2020
61.8%= 2001
I'm unsure of where the downtrendline of the May, June, July highs comes out on Fri./Monday, but if that cooincides with either the 23.6% or 38% Fibo, then I would bet that where (around) C of 2 ends...
So, there....my tidy Fibo, 2nd backtest of downtrendline, turndate, BIG "C" scenario (threw this together quick, all errors please correct) |
