So Far So Good
The price action really grinded out this range to the point where I was starting to doubt my original thesis. Then I woke the F@$# up took a long bong hit and got my head straight remembering NEVER DOUBT SELF NEVER! And you know me, once I get a read locked in, I'm stubborn as an ox or should I say BULL about it until proven otherwise.
And my call here hasn't changed one bit - we're still due for a swing under 60K to put in a new lower Fibonacci pivot before potentially reversing up. I've been overlaying that blue predictive algo line on the charts, and it's been screaming for a breakdown through that major psychological support. The signs are all there if you can see the code through the noise.
Now I'll be the first to admit, this sideways BS has dragged out way longer than I initially anticipated. A couple of days ago, I was convinced we'd see an explosive resolution one way or the other by now. But nope, Mr. Market loves toying with our charts, playing the patience game as usual. Letting the momentum oscillators bleed out into oblivion on both sides before picking a damn direction.
But you know what? I'm not stressed. From my vantage point, all this extra chop time has done is add even more gasoline to the eventual fire. More time for the algos to distribute out paper hands and nubbies.
Nothing But Good News
The way I'm reading things, we're setting up for a classic re-test of that 60K level over the next couple of hours or days. Bouncing between those old consolidation lines and the 60K floor in an alternating cadence. Just stringing the slingshot tighter with each rejected fake-out.
And boy, when that final 60K brick falls, you can bet your stack I'll be first in line to ride the squeeze to Valhalla. Could easily see us blasting right through the mid-70s in one delirious wick-up if that trigger point gets breached with conviction.
Of course, nothing is guaranteed in this game. That's why I always manage risk prudently and never overextend. But as of now? My levels remain on goal and I'm trucking with this plan until the charts tell me otherwise. Wouldn't have it any other way.
