Triangle wave IV recently completed and current leading diagonal primary wave 1 nearing completion. The diagonal should have 3-3-3-3-3 structure, and it appears to be about to finish the last leg this week or next; maybe right after Labor Day. Primary wave 2 could be a significant correction, setting up a nice Santa Claus rally in November. We'll see.
Cheers -
Cheers -
Nota
getting really close...Nota
Wow!Nota
Hard to tinker with such a nice call because I'll probably just get it wrong, but based on the current structure, my downside target is 2706 to 2687. This could change, and I will adjust, but as of right now that's my view. Anticipation of the U.S. mid-term elections in 3 weeks will probably have at least some impact. Anything can happen of course, but it's hard to imagine a strong rally before then. If it falls below 2591.25, the overall idea of a leading diagonal wave 1 with wave 2 correction is invalidated, and I would expect further downside. Cheers - Nota
Did not expect such a big rally in wave 4 a few days ago, but that was a pretty bullish sign, and then price came within 5.25 points of the downside target (2692.25 vs. 2687) this morning and has rallied over 40 points from there in 5 waves on the lower time frame. Awesome!
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.