This weeks candle bullishly engulfed the entire range showing supply is exhausted and price is ready for the next leg up in Elliot wave wave (3), the powerful wave, especially with a shallow wave (2)!
A word of caution, currently there is a 3 waves up into all time high that resembles a running flat correction which penetrates all time high before retuning the lower range boundaries, 1$08k in this case to complete the correction.
The R2 weekly pivot is the first target at $150k. Weekly RSI continues to print bearish divergence but has come out of overbought and tested the EQ. It is now crossing bullishly. A push into overbought will negate the bearish divergence.
A word of caution, currently there is a 3 waves up into all time high that resembles a running flat correction which penetrates all time high before retuning the lower range boundaries, 1$08k in this case to complete the correction.
The R2 weekly pivot is the first target at $150k. Weekly RSI continues to print bearish divergence but has come out of overbought and tested the EQ. It is now crossing bullishly. A push into overbought will negate the bearish divergence.
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
