Hello,
I hope you are all been trading well and made a nice profit on my last call.
I still see upwards potential in the charts.
I always look at the shorts chart also, they are still quite high, fuel for one last push to the upside. This will complete a Elliot wave. And I know that the drawings of this theory are very subjective, but my drawing follows the 'rules', leg 3 is the longest and we have seen it already I think.
This move is in line with the first big move in the 2015 bullmarket, a 150% move to the upside after the second golden cross. If we copy that move, it will take us to 8200 within this week.
Will we only need one golden cross to take us into the real bull market? I do not know that, and really nobody does. What do you guys think? Leave a comment below.
Trade safe!
I hope you are all been trading well and made a nice profit on my last call.
I still see upwards potential in the charts.
I always look at the shorts chart also, they are still quite high, fuel for one last push to the upside. This will complete a Elliot wave. And I know that the drawings of this theory are very subjective, but my drawing follows the 'rules', leg 3 is the longest and we have seen it already I think.
This move is in line with the first big move in the 2015 bullmarket, a 150% move to the upside after the second golden cross. If we copy that move, it will take us to 8200 within this week.
Will we only need one golden cross to take us into the real bull market? I do not know that, and really nobody does. What do you guys think? Leave a comment below.
Trade safe!
Note
Well, that escalated quickly, already pushing to 7850Note
Target hit already, don't forget to take a bit of profit guys
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.
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.