Daily MACD on the verge of crossing; continuation of this step-like pattern would provide a nice transition until the next divergence.
My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA.
On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time.
From a different perspective, we see that the H4 Chaikin is nearing ADL which indicates a potential push given the momentum.
Playing out the 10/16 post with relation to 10/28 post, it seems we could still be in stage 5 as the breakout above UTA wasn't much of a breakout.
This chances are much lower imo but still viable and could send us to 5k+.
Regardless I see us ~5k EOY.
My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA.
On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time.
From a different perspective, we see that the H4 Chaikin is nearing ADL which indicates a potential push given the momentum.
Playing out the 10/16 post with relation to 10/28 post, it seems we could still be in stage 5 as the breakout above UTA wasn't much of a breakout.
This chances are much lower imo but still viable and could send us to 5k+.
Regardless I see us ~5k EOY.
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Related publications
Disclaimer
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.