About to go up?I post this for feedbacks. Pls don’t trade based on it
Descending diagonal after a 5 waves impulse. The current correction went down to roughly 0.618 the length of the last wave. We are now sitting on some good resistance.
If I knew better, I would say the market is about to go up again.
Any thought, comments?
VSP trade ideas
Chart pattern indicates a very high chance of market crash, soonCompression Triangle Forming, + Reduced Volume. 95% chance of large market bearish correction, at fib .618 and MA200 confluence.
Expect deep correction, possible new low if equal measured move.
Or in English, pretty dang good chance that we are going to see another crash very soon, deeper than previous one.
Some news event will trigger it in the next few days or weeks.
Another pointless prediction for entertainment and educational purposes. Please consult your financial adviser before doing anything stupid.