I think everyone is in agreement that this bull run is more persistent and consistent than expected and a correction could/should happen at anytime. I agree but it sure like this steady rise in growth isn't slowing down today. We are seeing an ascending triangle inside an ascending triangle, both bullish indicators that predict another pump in price. This may be the final move up in the short term before a correction would begin.
My target for this action is 7600, with a correction back to 7100 over the week. 7100 would hit a previous support/resistance level and stay within my uptrend channel.
Not advice to buy or sell! I'm just having fun (making money!)
Have a Great Day!
My target for this action is 7600, with a correction back to 7100 over the week. 7100 would hit a previous support/resistance level and stay within my uptrend channel.
Not advice to buy or sell! I'm just having fun (making money!)
Have a Great Day!
Note
Closer view of ascending triangle on the 2 hr chart.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.