I see us close to finishing a B wave (which looks like it was a double zig zag) from a larger ABC zig zag up to reach the top of a even larger Wedge.
Here are my ideas of where I see us on a larger timeframe:
If A=C, we could have a possible high of around 460/470, but I would rather wait to see how the waves (within this C) reveal themselves to get a more accurate target.
We also have bullish RSI divergence.
As an added bonus; the moon phase correlates with this as well:(moonconnection.com/moon_phases_calendar.phtml)
Here are my ideas of where I see us on a larger timeframe:
If A=C, we could have a possible high of around 460/470, but I would rather wait to see how the waves (within this C) reveal themselves to get a more accurate target.
We also have bullish RSI divergence.
As an added bonus; the moon phase correlates with this as well:(moonconnection.com/moon_phases_calendar.phtml)
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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.