MACD looking overdue for at least a reset. Will it be like the first run (far left of screen) or second run (middle of screen) Second target for this wave was $11,150 - $11,200 Y/N It's close.
Note
If market can hold at Fib. support there's a chance it could try for highs again but MACD not confirmed yet. I would expect to see just one trough made (red bars) and then a cross over. For what could happen next I would refer back to previous occurrences marked on the chart.Note
I think market could be getting ready for a run on $12,000 into March. Judging by the last run of hearts 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 may publish a chart update later.
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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.