I very much think will will complete this EW but what happens when we get there is what everyone wants to know.
If we cross the bold resistance then I would call the bear market over, I do think it will be rejected and we will see the real bottom which in my opinion is the $2800 area, if that breaks then the next target is $2200. This could be quick and nasty or we could grind the bold resistance again all the way through summer.
If we cross the bold resistance then I would call the bear market over, I do think it will be rejected and we will see the real bottom which in my opinion is the $2800 area, if that breaks then the next target is $2200. This could be quick and nasty or we could grind the bold resistance again all the way through summer.
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After not much retracement we hit the target. currently at our adam and eve confirmation resistance.
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A quick update after that dump, we hit support of the ascending channel and has settled on the 0.5 fib for the whole move since early February.
Keep an eye on that support, if it breaks then we continue down but we could see us hit higher highs if this bounces.
Keep an eye on that support, if it breaks then we continue down but we could see us hit higher highs if this bounces.
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Another possible count too
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Thats the possible count ruled out, Here's my view as today.
Indicators are looking bullish so I believe we will restest that long term resistance (the bold black line) for a double top and then we head back down to my lower targets.
Should we break said resistance then we head up to our next target in the 5k region.
Indicators are looking bullish so I believe we will restest that long term resistance (the bold black line) for a double top and then we head back down to my lower targets.
Should we break said resistance then we head up to our next target in the 5k region.
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Well it broke that resistance and touched 5144like I said, could see 5500 in the next few days.