.786 Double Bottom Will Lead to Massive Breakout
Hi guys!
I am new here and this is my first post on trading view so please don't be too rough on me! Ok, so I think we are double bottoming on the .786 fib and we are about to bounce and start a new 5 wave impulse back to 20k! When this impulse compeltes I think we will see (maybe just a guess) a massive bear trap ABC correction to give us a perfect Cup and Handle, I think we will squeeze the bears and they will propel up past 20k and into a massive breakout!
My first target is 35k...after that I don't know but i think it should be fun!
Please, if you like the analysis give me a like or leave a comment below! Thanks guys :)
I am new here and this is my first post on trading view so please don't be too rough on me! Ok, so I think we are double bottoming on the .786 fib and we are about to bounce and start a new 5 wave impulse back to 20k! When this impulse compeltes I think we will see (maybe just a guess) a massive bear trap ABC correction to give us a perfect Cup and Handle, I think we will squeeze the bears and they will propel up past 20k and into a massive breakout!
My first target is 35k...after that I don't know but i think it should be fun!
Please, if you like the analysis give me a like or leave a comment below! Thanks guys :)
Komen:
Trend line intact! Boolish
