As I described in my previous post (www.tradingview.com/...s-Carefully-Bullish/), I was waiting for the present wave to develop before taking a position.
At this point, I'm going bearish on the short term, with a target between $500-$450. After that, we'll move into wave 3. The present wave has dipped below its previous low of $538, and I haven't seen a double bottom on the RSI as of yet, confirming for that this wave isn't done yet. For those curious how I came to these criteria, please refer to the Extensive Analysis-post I mentioned above.
On the long term, I'm still bullish. Timing, however, is key to these trades.
Disclaimer: You trade at your own risk and responsibility, not mine.
At this point, I'm going bearish on the short term, with a target between $500-$450. After that, we'll move into wave 3. The present wave has dipped below its previous low of $538, and I haven't seen a double bottom on the RSI as of yet, confirming for that this wave isn't done yet. For those curious how I came to these criteria, please refer to the Extensive Analysis-post I mentioned above.
On the long term, I'm still bullish. Timing, however, is key to these trades.
Disclaimer: You trade at your own risk and responsibility, not mine.