We now begin our final descent...

We now will begin our final descent as previously predicted (see

).

Comment:

The above is a thumbnail to my old chart. I did not realize that TradingView would insert this image. It is old and not current. We have descended below the channel seen. If you click on this thumbnail, it will link you to my original projection and there you may gather more details.

Happy Trading all!

Comment:

Comment:

Into major overhead resistance with almost no volume = TROUBLE. Sellers are coming!

Trade closed: stop reached:

I am closing this post as I was obviously wrong. We broke out of our multi year triangle and are full on bullish. I do believe another dip may come, but I have had to adjust the lower level on this dip to around $9300 (new post coming soon). And before we hit that dip we are almost certainly going higher ...maybe even $17,000-ish? I will post a new projection soon.

This is a good lesson to always set your stops. Nobody can ever always be right. This is a game of probabilities. That's all charting has ever been. The goal is to get it right more often than wrong and to always improve and learn from your "failures" (I hate that word because it's confused with losing. You only lose when you quit. When you fail though, you either win or you learn. That's success!)