Shopping SPI 722$ or 1025$ Long

Description

⋅ Mar 31, 2021 7:18 PM

Hi everyone,
Shopping looks pretty good with it's low supply and all the demand right now. Even if we think SPI is pretty high IMO nothing to compare to what's coming.
Nice W pattern right now, and a retest of the neckline. Here a some exit target for this W3 in blue.

161.8% : 466.38$
261.8% : 722.17$ (my favorite)
361.8% : 1025.47$ (my favorite)

Also please note that both Cycle W2 (Blue) and Main W2 (yellow) retraced very strongly which mean that we should retrace both W4 between 0.3 and 0.5.

I think iam pretty realistic in this analysis cos this Cycle W3 in blue can easily go to 361.8% at 1025$

Best to you everyone !
Thanks for leaving a thumbs up if you like or even a comment. It's really appreciated.

Comments

NoDamnClue

⋅ Apr 2, 2021 9:10 PM

Any ideas on this downward movement? Perhaps just taking a healthy breather before resuming Monday?