I know this chart might look too bullish for a lot of people but this is what my instinct tells me. Here the wave 3 will be extended.
It might go down a little bit in the next 1-2 days but probably not by much.
It might go down a little bit in the next 1-2 days but probably not by much.
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Turns out I wasn't bullish enough...
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It will take a brief rest at $49.50 but certainly won't stop there.
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Will probably hit $50.05-50.30 then pull back to re-test $47.80.
Then it will shoot up again to $52-53.
Then it will shoot up again to $52-53.
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The currrent consolidation should finish soon. We are on our way to $53.
After $53, we should have a deeper and longer correction, which should last at least 2 weeks, that sends us back to the trend line at round $49.50.
And then we will be up again...
After $53, we should have a deeper and longer correction, which should last at least 2 weeks, that sends us back to the trend line at round $49.50.
And then we will be up again...
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This idea was invalidated yesterday.
I have a new idea here that can still take us to $53 and actually makes more sense...
I have a new idea here that can still take us to $53 and actually makes more sense...
