We've moved too fast to the present level. I was expecting a little slower movement. Anyway, we're clearly moving in a local uptrend. But the global trend is still bearish (I guess) and we will soon hit the upper side of the descending triangle. After that I expect a reversal to the next bottom and God only knows if there's still a bottom.
Another option is a bullish trend that we might've started when formed a higher Low at ~$5860. If that's true we may see a new all time High till the end of the year. Let's hope it's true.
Another option is a bullish trend that we might've started when formed a higher Low at ~$5860. If that's true we may see a new all time High till the end of the year. Let's hope it's true.
Comment:
Looks like I was wrong once again. Ok, let's move on and learn
Comment:
I just realized we may form an inverted HS but with a lower neck on ~6800 instead of 7140. We'll see
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I think I was right. We're drawing HS but on a lower level. Next target is 7200 and after that we'll go deep down below ~6200
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Sorry, ~6500
