was able to spend a Friday afternoon w/ JC and his production crew and we were talking about “why” fibonacci ratio’s work in the market … here’s my best guess. LOL
the two charts below are showing 2 three drives to a top pattern … the timing shows Monday 11/30 as the key date.
this chart is a 15 minute chart and showing the “three drives within a three drives” … kind of like Inception “dream w/in a dream w/in a dream” I guess ….
there are some higher targets but I would consider a daily close BELOW the gap area shown to be important for the bull case.