Considering the current formation, I am leaning towards bear side as of now.
Important intersections are circled in black. All black lines are Wolfe lines.
Important dates ahead are June 25th, June 28th, June 30th: possible local bottom.
I don't believe we had "THE" bottom yet. Let's see and find out :)
Stay safe ;)
Important intersections are circled in black. All black lines are Wolfe lines.
Important dates ahead are June 25th, June 28th, June 30th: possible local bottom.
I don't believe we had "THE" bottom yet. Let's see and find out :)
Stay safe ;)
Note
Close up, with extra lines.
We could still have one last push towards 6k region, where there is 1 year resistance.
Note
A quick reminder of the events of October 2018.
Note
If this is bull flag, the target for the last push would be around $6050.
Note
Lack of volume after the break out. May be not a bull flag...
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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.