Check out my Wacky and Weird chart & look at the MACD for clues. If it's anything like the last run it could take us nearer $12,000. Judging by the last run the low of $10,356 must hold, and red bars must not make another trough for such to work. You can add more rules if you like. I'm taking a risk publishing early as I would like to see more confirmations. Market could head down and make more troughs in which case I kiss the upside goodbye till I can spot something new. I also just noted that the market only usually makes one Williams down arrow before it heads up again, and that happened six 2 hour bars ago.
Note
Update. $10,356 low was broken. New trough made. Cancelled out the above analysis.Note
One extra note. If you study the chart above you will notice that the hearts and squares are the lowest trough and always the first trough after a cross over down and before a cross over up. Call it the set-up. That's why the above analysis got cancelled out.
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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.