Omg just formed a beautiful ABCDE accumulation pattern. If the resistance line is broken it is very likely a new wave to the upside is about to begin. The post is for educational purpose only
now exactly back at the triangle you draw, what do you think is next?
darkpiggie
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@Funfunction1, it looks like retest of the resistance turned support, if it holds we are bullish, if it doesn't it's bad news and the chart would be invalidated. I am waiting to see daily closure
Funfunction1
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@darkpiggie, same as my thought. If daily close is minimum 3,70 we can expect further upside. If fails the my guess is revisit 3,2 area. 10 hours left, lets see.
One more question, do you think impulsive waves 1,2,3,4,5 are next?
My earlier thought was we are already starting wave 5 (wave one started in the march/april pump.