Since the big correction to 6k we have had a bull run of almost 100%.
There have been 5 waves, so now we can expect a correction (ABC) with a target around 9k.
Since we went up this fast, i expect this correction to reach the 9k levels rather than bouncing on the 10k.
The confirmation for this correction would be a break of the current trend (orange).
There have been 5 waves, so now we can expect a correction (ABC) with a target around 9k.
Since we went up this fast, i expect this correction to reach the 9k levels rather than bouncing on the 10k.
The confirmation for this correction would be a break of the current trend (orange).
Comment:
Comment:
Now we have had the a and b wave, it looks like we are in the fifth wave of the c wave.
Meaning that the correction will soon be over.
I would expect the c wave to be at least as strong as the a wave, making 10k the first target of the correction.
There is still the possibility of c being the stronger wave, making around 9.5k the target.
This correction is the 2nd wave of the larger rally, meaning that after this correction 14k - 15k becomes the target of the 3rd wave.
Meaning that the correction will soon be over.
I would expect the c wave to be at least as strong as the a wave, making 10k the first target of the correction.
There is still the possibility of c being the stronger wave, making around 9.5k the target.
This correction is the 2nd wave of the larger rally, meaning that after this correction 14k - 15k becomes the target of the 3rd wave.
