The market's goal is to return to the Covid peak formation low, the 2018 yearly open and the middle of the 2018 range. Along the way, all the lows will be taken to achieve this goal.
Middle of Range:
COVID Peak Formation Low:
Returning to 2018 Open:
It is very clear to me now that this is the gameplan. I will remain a bear until the 2018 Yearly Open price of 27,500. This is a 40% retracement. My only concern is I don't know HOW price will arrive there and when. That is the challenging aspect of it. I AM 100% confident that 27,500 is the goal.
Looking at April 7th's lows, these are so very obvious that these will get dunked on and eliminated soon.
Middle of Range:
COVID Peak Formation Low:
Returning to 2018 Open:
It is very clear to me now that this is the gameplan. I will remain a bear until the 2018 Yearly Open price of 27,500. This is a 40% retracement. My only concern is I don't know HOW price will arrive there and when. That is the challenging aspect of it. I AM 100% confident that 27,500 is the goal.
Looking at April 7th's lows, these are so very obvious that these will get dunked on and eliminated soon.
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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.
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.