If you follow Bill Williams you will see almost the perfect trade setup, here's why:
- A bullish reversal bar has formed at the correct angle and below the alloigator
- There is clear divergence between wave 3 and wave 5 of the correction (which shows a reversal is going to happen)
- We have a falling wedge and price usually breaks to the upside
- Because its about damn time too !!!
Note
Just as predicted off we go on our journey up. . .Note
A small drop in a few hours to 8300 for the correction and then up to wave 3:Note
A slight change on the lower side times:
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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.