Finally! Subwaves 1 and 2 complete
Now that subwaves 1 and 2 are complete, the stage is set to predict the behavior of the remaining 3 waves.
Subwave 1 bounced off the long-term purple trend line. It remains to be seen whether subwave 3 will punch right through or bounced off.
If subwave 3 bounces off the purple trend line, then we may be on an ABCDE wave bouncing between the purple and green lines of a symmetrical triangle - which isn't good news for bulls because the exit out of the triangle is down, and I don't know about you but I'd rather this bear market be over and done with sooner than later.
Subwave 1 bounced off the long-term purple trend line. It remains to be seen whether subwave 3 will punch right through or bounced off.
If subwave 3 bounces off the purple trend line, then we may be on an ABCDE wave bouncing between the purple and green lines of a symmetrical triangle - which isn't good news for bulls because the exit out of the triangle is down, and I don't know about you but I'd rather this bear market be over and done with sooner than later.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.