And the novice begins to show, with such a limited skill set this is what I see.
Please feel free to correct me, critque the TA and help everyone out by sharing your opinion.
We are waiting and watching for the next move and a clearer picture of the future.
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4600 broke, lets see if the buyers can win the battle to 5000
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Successfully tested support at 4650.
Now onto 5000
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Bull pin on new resistance, lets hope for some strong buyers
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We seem to have found our new support. Can we keep it and move on up?
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No is the answer, possible support back at 4500
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if you bought the bottom of the handle, you must be feeling pretty good right now! This downtrend won't last forever and will only incentivise buyers, helping us along our way to 5000 and above
The Elliot Waves still stand, but this is the long aspect of the trade, it will take weeks for this trade to unfold, if you got in sub-4100 congrats (the bottom of the handle), it is highly unlikely you will see anything other than profit from here on out. (Never say never!)
But, take it or leave it it's up to you, I won't be touching this investment until we reach 5500 at least.
Patience is a virtue.
jackdavidpiney
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Possibly about to break resistance and create support.
But, take it or leave it it's up to you, I won't be touching this investment until we reach 5500 at least.
Patience is a virtue.