From previous analysis, I noted: "All of these add up to weak technical signs. BIRD will be on my mind, but not yet. I do have some levels in mind which are likely to offer major support or even turning point. These numbers are Fibonacci confluence zones which use 3,100 (wave iv of some sort) as the mid-point."
Here we are now, to that level I had in mind. An equality measurement from the 'mid-point'.
We have momentum divergence to add. This is a potential major turning point.
It is not a precise measurement. In hindsight, a precise target could be obtained with major pivot highs above. The confluence zone is formed around 700-760. Quite exact.
My suspicion is that BIRD is at a critical point. Either this is going to be the lowest point ever recorded, or it will be a failed company. A new re-assessment for EVA is in order.
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