Interpretation:
strongly held above the short-term trendline during past a few weeks => red wave valid
red wave: if increment-1 = increment-3 = increment-5, the peak-5 will go to 1390
orange wave: if increment-1 = increment-3, it also goes to around 1390
red and orange will meet around the new-year 2018, at price $1410
Here is how it starts:
11-17: breakthrough consolidation area, which has been around 2~3 weeks long
Prediction:
will test 1306 very soon, if cross it, will then test 1350, then if cross again, let's see it around 1390 in 1.5~3 months!
And it's still just wave-3 in the longer term!
Note: 1390 is a conservative prediction, could be even higher.
After this goal, it may pull back to around 1330 as wave-4(orange).
strongly held above the short-term trendline during past a few weeks => red wave valid
red wave: if increment-1 = increment-3 = increment-5, the peak-5 will go to 1390
orange wave: if increment-1 = increment-3, it also goes to around 1390
red and orange will meet around the new-year 2018, at price $1410
Here is how it starts:
11-17: breakthrough consolidation area, which has been around 2~3 weeks long
Prediction:
will test 1306 very soon, if cross it, will then test 1350, then if cross again, let's see it around 1390 in 1.5~3 months!
And it's still just wave-3 in the longer term!
Note: 1390 is a conservative prediction, could be even higher.
After this goal, it may pull back to around 1330 as wave-4(orange).