more gann45 hocus pocus

Lets look at why the market has found resistance here.

But firstly lets get the overall picture:



Firstly we can see points "1" and "2" been the wave which set the amplitude up for this whole bear market.

Secondly at "H" you can see the wave (which is harmonic to the initial move down from the all time higher) which the market is about to head into and causing resistance..

BUT going this far out you need to adjust the prices for volume

And this is the best I can do this:



Firstly you can see from the Andrew Pitchfork there that the major low we just had was the same portion as the initial wave up (points "1" and "2" on the first chart) and you can also see this by the low been equal distance below the middle line or:

4 to = 5 to 6

What I really want to draw attention to though is the green line down, the same as the angle shown in the first chart... but adjusted for volume. Now you can really see why the market has found resistance here.

You can also see that it is already above this line.

As far as I can see, all the market needs is a bit of volume and it should scoot higher from here.