Hey Guys,
the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here.
However, a Fifth Wave extension is not that unlikely because the third has not been extended.
in simple words: We might see a bit of a correction - or we will see a straight continuation -break above and retest the Highs - but I guess many will be happy taking a bit of profit here, thinking about the upcoming election in the USA - a bit of Consolidation would be expected at least thats what I am thinking…
Either Way - I will be cautious during the next week as it might indicate what Q3 will look like.
Thank you for reading…
the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here.
However, a Fifth Wave extension is not that unlikely because the third has not been extended.
in simple words: We might see a bit of a correction - or we will see a straight continuation -break above and retest the Highs - but I guess many will be happy taking a bit of profit here, thinking about the upcoming election in the USA - a bit of Consolidation would be expected at least thats what I am thinking…
Either Way - I will be cautious during the next week as it might indicate what Q3 will look like.
Thank you for reading…
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。