I think we might have a little lower to go a little lower before we finish the impulsive wave up. If this current level around $8,700 doesn't hold, I'm expecting us to reach around $8,000 around the 28th of this month before we start wave 5.
If this truly is the end of wave 4 on the 26th, I expect the top to be around the $10,600-$11,000 area
If this truly is the end of wave 4 on the 26th, I expect the top to be around the $10,600-$11,000 area
Comment:
We've penetrated the downtrend resistance but there's still some resistance before 100% confirmation. Coupled with the hidden bullish divergence, I want to believe that wave C is ending at the 0.618 extension and we're heading up to complete wave 5.
Comment:
~$10,700 on the 7th June, 2020 +/- 1 day