- 4H 20 & 50 EMA cross - top of down trendline on price & RSI - wait for a 0.382 - 0.5 retrace to retest 3420 S & R level, which should have 20 EMA dynamic support to go long
Target on fib extension 1.272 on monthly R3 or 1.618 on monthly R4
totally agree with this. We just finished wave 4 (WXY), unless that extends to another leg down to retest 3200 which I don't believe so we already did that twice, so we should now move down only for leg 2 of wave 1 of wave 5 to 4k. Ignoring the bs stock news has really helped my portfolio grow, the gloom and doom for now is not in the books unless this entire wave count fails.
sondoku88
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yep I hope we dont see retracement that far to the lower trendline keep up the bull momentum, but who knows what happens next week. Statistically a weaker month after the election but we should have some good fomo coming to xmas rally. exciting time indeed! stay & trade safe! GL