No need to sweat, the bears have ran out of steam, the correction is over.
If you followed my count of the Wave 4 correction, you would have known I have called the bottom.
Here is a quick rundown of how I see the next two weeks playing out.
Let me know what you think...
If you followed my count of the Wave 4 correction, you would have known I have called the bottom.
Here is a quick rundown of how I see the next two weeks playing out.
Let me know what you think...
Note
Note
As soon as we breach the local top, that is confirmation the bottom is in and a short term bullish sentiment has been established.Chart:
Note
Once we cross the green line, bullish sentiment has been established.Chart:
Note
Bullish Sentiment Established.Chart:
Note
Note
Note
Last update here...Possible Triangle forming.
There are three scenarios;
1) Wave B forms a Triangle.
2) The ABC correction is complete and the original charting was correct, however, I have my doubts as targets were not met and PA is not thrusting up.
3) I am wrong, and the correction is not complete. In fact, if I am wrong here, I have to assume Wave C is complete and we are bearish.
Chart:
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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.