Embrace volatility, be ready for 10% correction moves yet up we go
candle formation identical to jan 2015 -> excess above bollinger was 25% so target is Dax 22600 Good luck to those fading before confirmation
4th wave abc complete (opinion not confirmation) So expecting a summer range between 54 & 60k before resuming leg up towards 84k first then 105k for end of year
Jumping too early is going against the tide... patience !
RTY is éate compared to the other U.S indexes... it's a stretch but in order to catch up we have Target1 just below ATH Target 2 Stop Hunt aboce Target 3 magic extension .... same as Dax chart in History i.e: +30%
While bears keep calling the top, VIX will crowl to the 1.27 downward extension fueling this beautiful (painful for other) Equity rally. Aiming for end Q2 before serious reversal
Surrounded by bears > i thought I'd post a bullish view. On the weekly chart SMA 7, 20, 50 & EMA 200 all pointing up... SMA 50 about non crossing EMA 200 will be the confirmation the trend i snot over... we'll see end of week with NFP. If bull is confirmed Targets are on chart... Estimated ATH summer/sept 2023 Red line invalidate the concept !
I don't believe in the end of the world, recession maybe and that part of the cycles but 6000 first in high volatility environment. Watching important levels and trying to trade them. SP finding resistance at 4600, probable consolidation around 4500 to relax the RSI before heading towards 4800 ATH. Double Top will be on CNN, permabears will claim victory as we...
19k must holds!! 25'700 is key > nice bullish wave 3 upcoming is the plan to save crypto When 25'700 breaks properly there will be no time to join the party... Risk on is now Stop Loss is cheap below 19k 36 and 45k next if stars align :-) 3month make or break
4% might be retested to complete wave 5 of 5 the 38% retracement we had this week corresponds to a wave 4 the MA50 is supporting the uptrend on H4 cant confirm wave 5 of 5 yet - 3.9% (61% fibo) will be a key level - if break up then 4% might be challenged for a double top or for 4.3% extension. i remain long UJ, short ZN & Euro 1st week of October !
If we break 31618 i believe we will have competed ABC 3-3-5 pattern Note we have retraced to the fibo 61.8 published August 5th
update on august 5th vision A little early to confirm. looking for wave 4 retracement towards the 38 Fibo zone. target 33500 - 33120 - 32710 timing 1 month more or less for this wave before final excess into October if wave 4 materialized with a reaction around 38/50 fibo and we reach 34800 / 35000: great zone for short until end of year
Technically I am following the trend to the upside with some important level for trade management and taking partial profits. Some traders argue we will exist the current wedge to the downside due to the psychological price level area ( crash price area old support) My invalidation is at 43k as we should not enter wave 1 high point.
it is tempting to see the bulls are in control on a 15 min time frame when looking from a wider angle...C wave remains a probability
Not a prediction - I am generally a Bull but can't be too cautious ! Opinion welcome
Watch the blue rectangle formations ... will the story repeat on the breakout ? This time RSI is oversold to help... target 1.05 on swing. stop 1.0670
similar pattern as a few days ago.. on flag break out target channel line @ 1.2370