If it breaks the 3,900 Mark and maintains that lvl for a couple of days, I would say will go back to test the 4200 high, then $4,500 according to Fib Extension.618. I hope I'm not right like last time when $3,600 seemed impossible
Interesting way to see how some Countries ETF's have act since Coronavirus Pandemic
This is very speculative and is an early analysis of the Elliot pattern. Still early to know if we are in the ABC correction until we break the lows, Otherwise this will be discarded. But who cares! Thats what we do, we analyze and if we are wrong, we change our BIAS! that's the power of trading. And , I'm bored.... Short Term Bearish, Medium to Long Term Bullish...
I'm going against my own style, but I think it is worth the risk to start a position. I have taken the January $3 Call 2022. Bullish Divergency, What I think it is Capitulation Volume and Double Bottom. anyways Im keeping my Stop Loss very tight
I little riskier since still under the 50sma and inside the cloud, however the risk reward is worth it! LONG!!!!
It seems we are in a confirmed wave 5, expect to see a retracement to the bottom of the cloud to then jump back to hit $3,600
Broke the 200 SMA, long term trade
if it breaks that 38 lvl, I will expect HD to go at least to 214 without a problem if the market continues to show this strenght
It might be a bull trap, however Market appears to be very strong