market is in a strong bullish trend with no divergence on the MACD on the monthly,
Trend line was broken on the weekly that indicates a correction in the market before we see the next leg higher which could possibly be the last impulse move in the stock before entering into a bearish market cycle.|
Ill wait for the correction on monthly to play out s we already see on the weekly support being established at current market price, in the short term will see bullish price action and then a quick wave down towards 20000 and then going towards the 35000 at which ill get out of this market, this could be by early 2023 or late 2023 when the FED announces its taper stocks will then enter a bear market for the until the fed stopped hiking interest rates. Enjoy the last couple of years in a bullish stock market, rates are ging higher and stock prices will need to adjust
Trend line was broken on the weekly that indicates a correction in the market before we see the next leg higher which could possibly be the last impulse move in the stock before entering into a bearish market cycle.|
Ill wait for the correction on monthly to play out s we already see on the weekly support being established at current market price, in the short term will see bullish price action and then a quick wave down towards 20000 and then going towards the 35000 at which ill get out of this market, this could be by early 2023 or late 2023 when the FED announces its taper stocks will then enter a bear market for the until the fed stopped hiking interest rates. Enjoy the last couple of years in a bullish stock market, rates are ging higher and stock prices will need to adjust
