predicting the sell-offs that would ensue. No clear pattern can be observed on the lower timeframe with the same convergence rate as the one depicted here. 23rd of April is marked as a 'zone to watch for'. Number '13' is the one that can spell a reversal and an entry to the bull market, but the price action suggests that the interaction with the timezone shall trigger one more sell-off.
April 26th is the next CME futures settlement date and those proved to be the days of increased volatility prior.
Convergence of these arguments should make a trader very cautious during that period of time.
Shorts vs Longs Analysis
Fib time zone analysis has been fruitful during the january / february period of bear market...
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