I commence humbly with my gratitude to The Most Gracious and The Ultimate All-Knower for the countless blessings, including the knowledge and ability to share.
Time Cycles Coming In to Create a Bounce:
Market has been falling since my forecast from week of Aug 9th. As we know, nothing goes straight up or down. If we have price going in one direction, completely until a time cycle hits, then price ought to reverse. Therefore, it is expected that markets shall find a reason to rally up (Time Cycles cause the news), though it shall be (ought to) short-lived (most probably up-to August 25th afternoon). I shall looking for the weakness from 08-24 afternoon. Just remember one thing that every rally is a candidate for selling/shorting, and or adding to the short positions, unless previous my stance of big correction and/or crash is proven wrong.
http://trade-in-harmony.blogspot.com/
Is it possible that we may have sideways instead of bounce?
Yes, quite possible. What time cycles do, that they create a obstacle in the flow of previous energy. Usually force of energy, creates reversal. The extent of this reversal (the extent of this force) depends upon other larger time cycles or intermediate size time cycle being in-effect at the moment of the smaller time cycle coming in.
I hope it answers your question!!
Remain Blessed
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