AI - AI has been forming a Wyckoff traders dream chart. This did look ready for a bounce (and still may) with the doji candle that printed at the beginning of September, but now, this ascending channel is looking bearish. So, the ascending channel may be hinting that wave C will be bottoming around the 1:1.272 and print a ST (Secondary Test). May 2022 Support is right where a MM would set the liquidity grab, and possibly the last one before the next wave up, and an impulsive wave at that.
AI in this area could very well be like NVDA back in 2002, up, up, and away.
-Not Financial Advice-
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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.