Impulsive Upthrust in Tech
Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion.
Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).
Moving up from oversold on RSI, wave trends indicating buy signal.
Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).
Moving up from oversold on RSI, wave trends indicating buy signal.
Note
Preceding 29 n 87 crashes there were pumps like this before massive dumps 55 days after ATH, this would come on 28 Feb from 4 Jan:cdn.discordapp.com/attachments/465369547864670219/946766064870625320/20220225_064610.jpg
Note
A massive dump is certainly possible, risk is high for any position with price trading at former support 4300Note
On daily this crazy pump appears like could be a 4th wave with a final flush yet to come, be wary!
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.