The bulls have still a bit more room to run. The wave (4) is finished and there is still some space up to 15470 points to end the wave (5) in white. But I would be careful now & I also sold most of my long positions. I expect a larger correction in this area, which should extend to below 14309 points. Here I have already temporarily stored a target area, which I will focus on when the correction is confirmed. I´m already looking forward to establish a long wing trade position in this area to trade the last big run in a wave 5! Accordingly, this correction is also to be welcomed.
In summary, I primarily expect the Nasdaq to develop up to 15,170 points and then implement a larger correction to below 14309 points from there.
Detailed update sir... I am also waiting for this large correction till 14000 for a long time 14300 is fabulous news for ppl like me .. hereafter I will also be careful and not hold this many points... so as u said I will wait till it reaches 15170 n get back down till our fav positions
@uhljarrobert 😅 Also super bulls need small correction:)
Trebor74
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@TizTrader, It's no secret, I've been in shorts for a long time. Why? Because I'm a bastard! There is nothing to search.
That's why I'm looking forward to the short. I didn’t get out on time, so my loss accumulated. If the 14300 came I would help and get new strength.
BEFORE, I traded very well, I have a power outage in my head now! LOL...