The pump up to 48K still seems to be in range for the Extended Flat correction to be valid. Invalidation level is at 60K but technicals make a route to that level look impossible. Which do you think will come first, 60K or 21K?
@Westcoastlovin I’m thinking low 20K and then mid-high 50Ks to end Big Wave 3.
silmaril0875
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@Gumption334, It needs to test the 20K's before we go higher. It's healthy and I suspect the smart money has a ton of orders waiting at the 20K's. The problem is people need to want to sell and it might take a bit more nudging to get the selling going. Once it starts people will panic and it will let rip, but the same could be said for 60K target. Tonight is going to be a very long night!
DigitalSurfTrading
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@silmaril0875, i feel the same way. RSIs are way too hot to sustain this level right now.