From year 2015-2017:
Inverted head and shoulders.
From 2016-2018:
W2 = 61.8% of W1.
W3 = Approximately 261.8% of W1 and W2.
W4 = Between 23.6 and 38.2% of W3.
W5 = 161.8% of W4.
From year 2018-2020:
Bullish Divergence!
Price is now above MA50.
In my point of view, we could have a bearish W2 on the way. Usally the price pulls back after breaking a trend to use it as a new support.
But if we look at the long term analysis, then I have a strong beleive that the next move is bullish. All the FED's printed money should have an impact sooner or later.....
Inverted head and shoulders.
From 2016-2018:
W2 = 61.8% of W1.
W3 = Approximately 261.8% of W1 and W2.
W4 = Between 23.6 and 38.2% of W3.
W5 = 161.8% of W4.
From year 2018-2020:
Bullish Divergence!
Price is now above MA50.
In my point of view, we could have a bearish W2 on the way. Usally the price pulls back after breaking a trend to use it as a new support.
But if we look at the long term analysis, then I have a strong beleive that the next move is bullish. All the FED's printed money should have an impact sooner or 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.