12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally.
Linear local top: 19000
Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5)
*Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!*
ETA: Q1-Q3 2023
80% Bear Market follows - Target: 5150
Linear local top: 19000
Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5)
*Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!*
ETA: Q1-Q3 2023
80% Bear Market follows - Target: 5150
Note
Micro target correction at play. Final top H2 '23.
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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.