You're missing that the price action is in a decending wedge. The convergence of the wedge is in your blue circle area so you're not necessarily wrong but it's really the combination of the wedge pattern and the RSI/MACD and averages that will determine what happens.
williamdas
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@flapbreaker, yee I'm just paying attention to the moving average at this point, drew the circle just at a general area
shySwift52114
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So how much further it can go? I assume something around 10-15 is a buy?
williamdas
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@shySwift52114 Long term, if we actually are in yellow wave 4, law says can’t enter price territory of yellow wave 1