This is extremely long term, keep that in mind! Why do I even do this? I think it is very important to see the forest for the trees to be aware of where a market is at in its cycle!
Is this forecast crazy? I don't think so. It makes a lot of sense to me and that is why I am sharing it with you!
If this was helpful to you, you can like this post and follow me for future content! Thank you and take care!
@eduardtgv, You can very well start buying right now for the long term. We hit 0.786 retracement level for the whole market cycle and could already be in the next impulse if you look closely.
tradingview.com/chart/OLbtKTqz/
I would set the stop loss slightly below the yellow sloped line so currently we would have to risk about 8% which is not too bad! If you want to have a higher probability setup though, you might want to wait till the upper line of the triangle is breached with conviction since symmetrical triangles usually imply continuation! If the lowe line of the triangle breaks I would like to see it find support at either the red horizontal support or the sloped support (yellow), which both would be great entry-options in my opinion (you might want to wait to see if it holds or breaks through before entering)!