There are certainly plenty of valid bearish and more bullish short term alternatives, but this is my current primary count. Looks like lots of 3 waves so its either a leading diagonal or a bearish WXY and we see a lower low or there is an even bigger bull count of 12 12 12, but that seems least probable. If this is a leading diagonal it seems we are at least headed for the .618 on the way back which is in the 11k range but if we are strong we can break the .618 and maybe grab the .786. That would set up a massive 3rd wave that takes us to new all time highs. I think interesting times are ahead.
Not
Continuing with my expectations of a leading diagonal I believe we are now making the 1 of the 3 wave as noted here. The challenge with this count is the heavy resistance we have above at the .618 and the downtrend line from the all time high. Breaking that however gives a lot of confidence of the bull run to come. We will see how we react when we get there, gotta let it play out. Not
As noted in the chart my assumption is that we would reject there, but if bullish we will break that trend line, and retest it(in the larger 4 wave) before heading up and potentially tagging the median lineNot
That would ultimately setup the 1 wave on the larger degree, and give us a correction back to the 10k zone before beginning a march to new ATHsFeragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.