BTC (Prj.2019.P04.E07).MicroLevel.Targets

Observation based on the chart:

A number of scenarios:
Symmetric triangle > as we seen the middle section (pink rectangle) acting as the magnet for the ranging level\support
Potential Harmonic pattern as we have the XABC with 0.5 and 0.96
Established channel - fib.pitchfork channel + above fib.line and below fib. line where historically played resistance and support
We have the Macro and Medium formations

My thoughts for the short move, the harmonic makes sense, target D however the confirmation will be required, if it drops out of the triangle formation.
If so, we potentially expect a bounce...as part of the overall bearish medium pattern (parting channel - black lines)


4 HRLY chart close up

Symmetric triangle pattern

MACRO overview

Triple top or triple bottom. Its unusual to have triple top play out, less likely.

Kommentera:

Kommentera:

It seems the bulls are protecting 10280 however what is to ignite this up is missing...the longer it goes sideways, the less likely it will go up unless there is a drop, a push downwards and if its protected then, it will give the moment that is needed. 10220?

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Kommentera:

can it be this?

Kommentera:

The move came, hitting the 0.5 fib level. Question is can the bulls take it back...I don't think so.

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chart update: not perfect as per original post but close enough to state two milestones reached (obviously not to scale) in the micro moves