Looks to be trading in a small impulse wave. Watch for pivot at the end of wave 4 Take some profit at the end of wave 5 Watch correction closely because more upward movement is likely, but not definite.
hey, what if this whole upward movement is only a wave 4 ? I mean the fall from 25 oct wave 1-2-3 completed, maybe the wave 4 is also completed here, and for a final slight lower low (around 6000-6200-6400 area) could be the turning point. Have you played with that idea? I like your charts, but here the wave 3 is shorter than the wave 1 (which is possible) but for me it looks a bit more correctrive
simko10
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@simko10, already invalidated, your idea is playing out, we likely finish this last wave5 and then down to 7k area before it takes off