See link below for previous update.
After a 19 month sideways consolidation, which I had labelled as a wave 4 triangle, the bulls came out of nowhere and took price beyond the 33900 zone, which was key resistance, to around 37000 cps.
This swift move from October invalidated the entire five wave impulse outlook from the all time high at 43005.
The technical structure now looks complex and will require some time to get more clarity.
I will sit on my hands on this one until such time.
After a 19 month sideways consolidation, which I had labelled as a wave 4 triangle, the bulls came out of nowhere and took price beyond the 33900 zone, which was key resistance, to around 37000 cps.
This swift move from October invalidated the entire five wave impulse outlook from the all time high at 43005.
The technical structure now looks complex and will require some time to get more clarity.
I will sit on my hands on this one until such time.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.