I updated on Friday in my last week's post but it was late so putting it here again. Short term bottom might be in and we can see price make its way towards 23500-600 from here. We are seeing third batch of accumulation between 23400-200 with first being between 24500-200 and a rather brief one between 23750-600. Expect price to spend most of the time between 23400-200 and wild swings in either direction to trap traders on both sides over the next few days.
By the look of things, Final bottom will come somewhere during the first week of October.
22900 was the initial target but we are already very close to it so a bit more South is likely.
22900-22500 was the area of accumulation during the shakeout in May. Below there is one more gap at 21900 from 24th March.
I am very confident of multi month Bull market very soon but at the same time i won't go rushing in just yet in fear of missing out.
Next week is short. Thursday and Friday is close.
Best of Luck.
By the look of things, Final bottom will come somewhere during the first week of October.
22900 was the initial target but we are already very close to it so a bit more South is likely.
22900-22500 was the area of accumulation during the shakeout in May. Below there is one more gap at 21900 from 24th March.
I am very confident of multi month Bull market very soon but at the same time i won't go rushing in just yet in fear of missing out.
Next week is short. Thursday and Friday is close.
Best of Luck.
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