Alright, i said i wouldnt speculate until sub wave 3 up was done but here we go again.
Like the model EW chart suggested in my last post, wave 3 up can go 1.61 or 2.61 from height of wave 1 up, currently its blown past 1.61 and the top green arrow points to the 2.61 ( 386.38 ), if it achieves that , then my prediction for sub wave 4 down is it will drop back to the 1.61 fib ( 325 ) red arrow or there abouts, if indeed that double top signifies the end of sub wave 3 up, then i predict it will drop back to 300, i consider support and resistance levels with these equations too.
As you can see all indicators have reached the upper red lines which equates to OB in my book, there is no where to run except the weekly.
There is still room to move on those indicators...............but only just.
This is the reason why I am out and will await re entry, risk v reward is just not there for me, unless you are Darkstone.
I am just a simple tradie.
IMO
Not financial advice
GLTAH
