Now for the Final Wave, targets are in the range of 7k-7.4k.
We can clearly count 4 waves so far. The most recent wave was a triangle correction.
But the volume is off the opinion that we are losing strength. That seems right given that we are counting the 5th wave.
I expect a correction after these targets are hit. Corrections are healthy, they are nothing but profit taking which gives rise to opportunities go long.
Though I'm liking this move up, I believe that 10k and 20k are just a dream at the moment. Its easy to forget that we are still in a major downtrend and $2000 aren't conclusive enough to get us out of them.
Godspeed
___________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
We can clearly count 4 waves so far. The most recent wave was a triangle correction.
But the volume is off the opinion that we are losing strength. That seems right given that we are counting the 5th wave.
I expect a correction after these targets are hit. Corrections are healthy, they are nothing but profit taking which gives rise to opportunities go long.
Though I'm liking this move up, I believe that 10k and 20k are just a dream at the moment. Its easy to forget that we are still in a major downtrend and $2000 aren't conclusive enough to get us out of them.
Godspeed
___________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
تعليق:
Potentially this is the path we are taking but I find it too risky to open a long position here. Instead I'm gonna rack up shorts in the yellow box range.
تعليق:
2% rejection weak. This does not look good for the bulls.
تم إغلاق الصفقة يدويًا:
We have got a truncated fifth wave.
Lets see if 50% retracement level at 6300 holds.
Lets see if 50% retracement level at 6300 holds.
If it retraces beyond the orange line then this idea has been invalidated. My stops are 2 pips under that line.