Here is my detailed wave count and short-term targets. The downward wave yesterday is making my counting hard. We do have higher highs and lows which is a very positive sign according to the Dow theory. We have a strong RSI uptrend line which seems to be a very good support. My targets for sub-wave 1 of the wave 3 stand at $9,000, $9,300, and $9,650.
This is my bullish count that I have posted yesterday and nothing has changed much. The confirmation of trend reversal would be when we break above the downtrend line that we failed to break few hours ago.
Here is my long term target for the whole wave 3. My first target stands around $11,750 and my second target stands around $14,000. Of course when we confirm our sub-waves later, the targets will be specifically corrected
This is my bullish count that I have posted yesterday and nothing has changed much. The confirmation of trend reversal would be when we break above the downtrend line that we failed to break few hours ago.
Here is my long term target for the whole wave 3. My first target stands around $11,750 and my second target stands around $14,000. Of course when we confirm our sub-waves later, the targets will be specifically corrected
Note
You can also consider wave up to $8,780 as sub-wave 1 like this chart. In this case, of course my targets will be raised up a little bit, since our wave 1 became bigger.
Note
We want candles to close above this trendline to confirm that the trend is reversing. First, we should see if 1 hour candle then 4 hour candle. When 4 hour candle closes above, I am expecting a strong bull run.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
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트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.