BULLISH SCENARIO. WE NEED THREE CONFIRMATIONS.
Hello friends!
Well, all the authors bring to your attention ideas that the bottom has already been passed and there is a bright future ahead of us. I have doubts about this, and I will not be so optimistic. In the previous idea, I showed you a scenario where capitulation is still ahead. Of course, this capitulation idea is absolutely relevant today, and it may still happen. The most interesting thing will be in May, as you see, even in the bullish scenario, we will go lower either now or from $5700-5800 where there is a resistance in the form of MA 50.
In May, we will touch support MA 200. And if it holds, then we will have the first confirmation of the trend change. After we wait for the second attempt to break out the resistance of the MA50. If the MA 50 confidently breaks out the golden cross is formed, which will be the second confirmation of a new bullish rally.
ATTENTION, if at the second attempt we do not break out MA 50. The idea with capitulation will be the maximum possible.
So, if the golden cross occurs, we will already have two confirmations of the trend change, and this is the third chapter, MA 100 breakout. After it, a truly new cycle will begin, which one it will be too early to say, because for this technical analysis will not help, it will be necessary to consider the fundamental analysis, the situation in the world economy and more. This is a separate idea, in which I will describe all this, but it will not happen until the end of 2019.
Thank you guys for your likes! Let's share your thoughts in the comments!
Well, all the authors bring to your attention ideas that the bottom has already been passed and there is a bright future ahead of us. I have doubts about this, and I will not be so optimistic. In the previous idea, I showed you a scenario where capitulation is still ahead. Of course, this capitulation idea is absolutely relevant today, and it may still happen. The most interesting thing will be in May, as you see, even in the bullish scenario, we will go lower either now or from $5700-5800 where there is a resistance in the form of MA 50.
In May, we will touch support MA 200. And if it holds, then we will have the first confirmation of the trend change. After we wait for the second attempt to break out the resistance of the MA50. If the MA 50 confidently breaks out the golden cross is formed, which will be the second confirmation of a new bullish rally.
ATTENTION, if at the second attempt we do not break out MA 50. The idea with capitulation will be the maximum possible.
So, if the golden cross occurs, we will already have two confirmations of the trend change, and this is the third chapter, MA 100 breakout. After it, a truly new cycle will begin, which one it will be too early to say, because for this technical analysis will not help, it will be necessary to consider the fundamental analysis, the situation in the world economy and more. This is a separate idea, in which I will describe all this, but it will not happen until the end of 2019.
Thank you guys for your likes! Let's share your thoughts in the comments!
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