Hello everyone,
As you have read in my previous analysis I was following the structure of an previous made . In specific I was talking about the one we did in June of 2018 that brought us back to a price of 8k. It turned out the was correct and I was able to call the temporary bottom on my telegram channel:
After more study of comparing fractals I changed my view a bit. I still think we are still doing the . But not the 2018 one, but the one that resembles the one made in the finale of the 2014 bear market.
Let me explain further to you by comparing the of 2014 and the one now in 2018.
2014
2018
Notice how even the matches with 2014. Pretty accurate don’t you think?
So the way I think this is going to play out; ‘We are going to finish the formation towards the end of the year. We will make a final pump towards the target of 4700. We will then get rejected and activate the final bear run that will capitulate the market. The target of that bear run will be between 1300-1800
This will be a buying opportunity that will last for a few minutes.
Finally, what I can also do is copy the 2014 and roughly project it onto our 2018 chart. I would look something like this:
I know that this is quite a big call. I’m prepared for being wrong. But I just try to find all the puzzle pieces I have and project them in one analysis. I hope that this helps you out on generating a view of the possible outcome.
Thanks for reading and goodluck to you all. I wish to remind you that this analysis is purely my opinion and no financial advice. I hope that 2019 will bring great returns to you all.
If you wish to follow daily updates you can follow my telegram channel, I run it for fun.
Vincent.
Published at Sun, 09 Dec 2018 20:18:24 +0000
