I think since the run topped in 2021, we are stuck in a sideways correction.
In my opinion, the chart did bulid out a larger wave-a to the downside in '22. Since the low, price started surging again, but im declaring these gains as a corrective move towards a lager wave-b.
Im calling out a short target in the upper blue box. Price should reverse in this area and slowly start falling towards the pink SMMA-line.
In my opinion, the chart did bulid out a larger wave-a to the downside in '22. Since the low, price started surging again, but im declaring these gains as a corrective move towards a lager wave-b.
Im calling out a short target in the upper blue box. Price should reverse in this area and slowly start falling towards the pink SMMA-line.
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