good afternoon,
after further observing price action today, i feel fairly confident that we will see one more leg up to around $4300.
this leg will put in a 5th wave in the local impulse. (which for now will be labeled as wave A)
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price action is currently contracting within a triangle \ bull flag up here.
sentiment is mixed, but the whole structure fits the narrative of one more rip up.
it may cut short at 4250ish, but ideally a push to 4300 would seal the deal.
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based on how we pull back after, will determine where price shall go next.
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ps. if the local low from friday is breached, a door can open for a push down to 4070ish, before we go for the final push up.
after further observing price action today, i feel fairly confident that we will see one more leg up to around $4300.
this leg will put in a 5th wave in the local impulse. (which for now will be labeled as wave A)
---
price action is currently contracting within a triangle \ bull flag up here.
sentiment is mixed, but the whole structure fits the narrative of one more rip up.
it may cut short at 4250ish, but ideally a push to 4300 would seal the deal.
---
based on how we pull back after, will determine where price shall go next.
---
ps. if the local low from friday is breached, a door can open for a push down to 4070ish, before we go for the final push up.
Ordine annullato
invalidated.Nota
technically, not invalidated- just prolonged.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.