Short
The year of the 'consolidated' bull?
For those who have a background in waves, you will know we are in the final stages of a 5 wave sequence since the advance from January. Only crumbs remain in the move and for my taste it is too late to buy into any weakness as bulls are eyeballing taking profits around current levels.
We should not retrace any further than 2,900 ... however remember that after 5 waves are completed, markets usually consolidate for an extended period of time and this chop can last well into Q3.
For those wanting to clear final targets on the topside the last level in play is 3,257.
Thanks all for the support with likes, comments and etc.
We should not retrace any further than 2,900 ... however remember that after 5 waves are completed, markets usually consolidate for an extended period of time and this chop can last well into Q3.
For those wanting to clear final targets on the topside the last level in play is 3,257.
Thanks all for the support with likes, comments and etc.
Note
Tracking 3,256 for positions on the downside.Note
We are reaching the end of the road here. +/- 3,256 reached for the Asian session and I am building short positions. Note
Highs of the year set here? Smelling like it..Note
Bears coming in at 3,256 as widely anticipatedNote
-1.60% and counting!Note
-5.2% !! Well done those on the sell side. I am starting to take chips off the table here. A great start to the week.Note
A 10% swing trade .. Note
Note
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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.