I think short term we will see a little retracement Wave II. This will be a good time to take a little profit and buy back in once we see it bounce back moving into Wave III. I love using STOCHS RSI to see these waves. The shorter waves are pointing downwards while long term wave is only beginning to move upwards. To is confirmation for my trading analysis we are in a Wave II retracement and prepping for a big move up, as Wave III is always the strongest wave up. Be patient and buckle up! Expect the first two weeks of May.
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