Projected expected trajectories of the 50d SMA (blue) and the 200d SMA (purple), and an expected W3 impulse to meet those as resistance to the 1.618 extension of the W1-2 which is now complete imo
There should be some good action this week if this is to play out, the other option, which is less likely is more sideways action. Volatility around the end of January is expected as the first major W2 coming out of this bottom.
Happy Sunday Everyone! <3
There should be some good action this week if this is to play out, the other option, which is less likely is more sideways action. Volatility around the end of January is expected as the first major W2 coming out of this bottom.
Happy Sunday Everyone! <3
