Dangerous crossing
Updated
Hard time getting past the resistance line.
Two possibilities:
- If price moves down after this ABC wave then the corrective move is not over yet (Meaning we haven't seen the bottom).
- If this ABC turns into an impulsive 5-wave then price can try for new ATH later. Needs to break resistance line soon for that to happen.
Be careful.
Two possibilities:
- If price moves down after this ABC wave then the corrective move is not over yet (Meaning we haven't seen the bottom).
- If this ABC turns into an impulsive 5-wave then price can try for new ATH later. Needs to break resistance line soon for that to happen.
Be careful.
Comment
Quite the resistance it was. Important to stay above wave A or price will make new lows later this month.Comment
Wave A was good support. Price broke out of major resistance line and the ABC seems to turn into a 5-wave impulse move. Bull case stronger for buying dips.
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