I'm updating the timing and the price targets a bit from the last chart based on what I'm currently seeing. It looks to me like we got a retest of the lows today.
I think the next pivot which will start the move up will happen either July 5th or July 19th. Keep an eye out for price action on those dates and the Heikin Ashi candles on the weekly timeframe turning green which will indicate the move up has begun.
I think we'll ultimately end up between $2.53 and $3.01 sometime in early September. Price should gravitate towards the gray box with that time frame.
Let's see how it plays out from here.
I think the next pivot which will start the move up will happen either July 5th or July 19th. Keep an eye out for price action on those dates and the Heikin Ashi candles on the weekly timeframe turning green which will indicate the move up has begun.
I think we'll ultimately end up between $2.53 and $3.01 sometime in early September. Price should gravitate towards the gray box with that time frame.
Let's see how it plays out from here.
Comment:
There is also a chance we see highs on the week of August 9th instead of later in August... but let's see.
Comment:
Alright, looks like things are going to plan... I lean towards the August 9th pivot being the one that launches the market higher, not where we see new highs. Looking like the timeframe on the chart will be the one where we see the market top-- August 23-September 20th. Will continue to update as I see price action playing out.
Comment:
Updated my analysis based on what I'm currently seeing- still think we go higher, but have lower price targets (unless we break $1.14 and close over it on the way up):
