This has got to be one of the most bullish setups out there. We are essentially in a larger time frame bull flag. Price remains in a short term downtrend, putting in lower lows and lower highs. However if we breakout of this flag with volume I fully expect the start of a new 5 Wave Impulsive move to the upside, essentially the start of a new super cycle with the distance of the pole creating a 1-1 extension of the initial move. This lines up with a beautiful Fibonacci target.
Keep your eye on this one!
Do what’s best for you, not financial advice. Just my own trades which I am kindly bringing to your attention.
Keep your eye on this one!
Do what’s best for you, not financial advice. Just my own trades which I am kindly bringing to your attention.
註釋
This rocket ship still has legs. Nobody wanted to touch Chinese stocks, now they're piling in.
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