Euphoria LONG for TARGET area 49-52k
Based on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive long exposure which is unprecedent I expect we are coming to the last euphoria stage for markets which may rocket the price to 50k area. I am cautios and will be looking for short entry opportunities then. Now targeting long entries.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.