Interpretation:
strongly held above the short-term trendline during past a few weeks => red wave valid
red wave: if increment-1 = increment-3 = increment-5, the peak-5 will go to 1390
orange wave: if increment-1 = increment-3, it also goes to around 1390
red and orange will meet around the new-year 2018, at price $1410
Here is how it starts:
11-17:...
08-03: gap
10-26: cover gap + break long term slow-bull trend line + fail to cross short term downwards trend line = short signal, then sell (short)
stop price: 335
target price: 250~260
08-30: cross downwards trend line, buy
first support: 1980
second support: 1955
if go below support, out
if any correction doesn't break support, hold
if go above resistance 2055 before 11-17, very positive towards 2220.
two-year-long consolidation since 2015
8-21: short signal
9-20: short trap confirmed, strong long signal
10-04: fail to cross previous high, sell if fall below support 172
10-20: challenge previous high again, succeed, long signal
10-24: cross long term trend line, confirmed long, buy again
after: hold if it doesn't fall below support 183, positive long until 220~230
