Targets for support (hope – a strategy)

support here or soon “should” be expected …

Here’s the link to the ‘targets a plenty’ – https://bartscharts.com/2020/01/25/targets-a-plenty/

there are also two other posts which mention the target in Dec and then early January. resistance? yes! contagion selling? no! so, here we go …

if we take a look at the 2007-2009 correction we can find harmonics to it and go into the past (I’ve done it) and then PROJECT those harmonics on future support …that’s all the chart below is … we have some “standard” fibo’s coming in but we do have 2 ratios (that’s always good) and for me the most important point is they all land right on the key retracement points … so, very quickly, let’s watch that 10250-10400 for some nice support!

if we swing down to a daily it “appears” (see above title for hope) that we are in a 5th wave down so we ‘should’ (operative word) see a bounce here-soon. also, I haven’t updated it but am watching it like a hawk – the USD vs JPY has NOT seen new lows and if that maintains support this selling will abate.

take er’ easy – Bart