Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic.
When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends.
From this level of stochastic in the previous trend, we had a 2126% increase and then a 1051% increase. Please understand that for the price to go to the following levels from current ($547) prices takes:
You can understand that I am still very bullish at this point.
As additional confirmation, I present the MACD charts which shows us two things:
1. Within the next fortnight, we can expect the uptrend confirmation (blue bars appearing). Look where the last one occurred! 2. The uptick on the white MACD line show a likely bullish crossover above the signal line again within a fortnight. Look where the last one occurred!
Please do your own research before committing to any trade and base your decision upon your own finding, not mine!
Thank you!