Bullish Thesis
- Wave 5 of 5
- "W3 projection" for wave 5 target has confluence with Wave 5 50%-61.8% fib levels (blue)
- RSI at uptrend line
- Stoch RSI is double bottoming, like March-April 2020, right before Wave 3 began
- Momentum is trending upward since Wave 4 bottom on Sept 22-24
- Ichimoku cloud is still showing green and expanding
- Price is at the uptrend line from July 23 pullback
PT1 = $157 (liikely)
PT2 = $190 (speculative)
Invalidation: below 125
- Wave 5 of 5
- "W3 projection" for wave 5 target has confluence with Wave 5 50%-61.8% fib levels (blue)
- RSI at uptrend line
- Stoch RSI is double bottoming, like March-April 2020, right before Wave 3 began
- Momentum is trending upward since Wave 4 bottom on Sept 22-24
- Ichimoku cloud is still showing green and expanding
- Price is at the uptrend line from July 23 pullback
PT1 = $157 (liikely)
PT2 = $190 (speculative)
Invalidation: below 125
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.