Happy 2022 to everyone...
Chip and 5G tech stocks are bound for explosive uptrend in the coming years, however, price action currently shows
we have a medium term top in place.
This top might reset the base for the coming bull trend.
The cycle node for the current market structure is on 8th February 2016, a low in March 2023 will complete the first 7-year cycle
for the next advance.
In this analysis and subsequent ones we will try to follow the market structure to project the expected low.
The validity of this analysis holds true so long as we would not have a close above the stop level.
Use appropriate money management, trade responsibly, good luck.
Chip and 5G tech stocks are bound for explosive uptrend in the coming years, however, price action currently shows
we have a medium term top in place.
This top might reset the base for the coming bull trend.
The cycle node for the current market structure is on 8th February 2016, a low in March 2023 will complete the first 7-year cycle
for the next advance.
In this analysis and subsequent ones we will try to follow the market structure to project the expected low.
The validity of this analysis holds true so long as we would not have a close above the stop level.
Use appropriate money management, trade responsibly, good luck.