History will repeat itself
Updated
As you can see Moving Average, Uptrend, and Stochastic are moving harmoniously. This is a golden chance to take another buy support at the 2nd Hand sign estimated around 1210, but you must know the rule if you want to open a new position wait for the price to bounce from support first, otherwise you have to put stop loss just in case the price breakout and continues to fall..
How about target profit after the bounce? Easy, see the wedge forming.
How about target profit after the bounce? Easy, see the wedge forming.
Note
Elliot Wave is on its way, Wedge is being breached!Warning... it seems the long run of bull is ended.
Close your long term longs if you have any from Beginning of January.
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.