~reposted from pebblewriter.com
We're getting dangerously close to our downside target range of 1295-1323, first discussed back in April.
I have been viewing the downside as consisting of three basic scenarios:
We're getting dangerously close to our downside target range of 1295-1323, first discussed back in April.
- 1349.42 -- .886 of the purple Butterfly (tagged)
- 1343.41 -- 1.272 of the yellow Crab pattern (tagged)
- 1340.03 -- horizontal support, prev. Point X (tagged)
- 1323.85 -- 1.618 of the yellow Crab (next)
- 1317.63 -- 1.272 of the purple Butterfly
- 1289.14 -- 1.618 of the purple Butterfly (and 2.24 of Crab)
I have been viewing the downside as consisting of three basic scenarios:
...continued on pebblewriter.com...
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