Be greedy when others are fearful. Support on macro descending wedge. This is a shakeout pre mid-cycle bullrun. First target 30K zone. Final target 85K or 100K. Might post a more detailed TA, but wanted to catch the moment here.
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What an incredible bounce this has been. We are reaching its final target around 90K.
Going for 90K, top of the upper wedge. Lower wedge line has been adjusted (red triangles)
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We will be topping out @85-87K October-January Currently forking from the bearish falling wedge into the midcycle wedge One last lower retest around @28K, there are two fibs there FIB 1.5 of wave 1 @27967 and FIB 1 of wave 3 @27823 Next jump from @28K to @40K will be intense... 🚀
Keep it up! Take a look at our view on the matter as well:
MVPMC
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@TradingBrokersView, That completely misses the point. We are going to bounce off the upper line of the Macro descending wedge. Linear chart, horizontal lines, and MA's don't paint that picture.
Going for 90K, top of the upper wedge.
Lower wedge line has been adjusted (red triangles)