Dear Friends!
Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE.
If this is the case we should very soon continue to go up and start our 5th Wave. It's always hard to determine these waves, but one thing is for sure and that is, that the bulls are in control.
Here I have used Classical Charting, which show us the same picture. The Right Shoulder on the Head And Shoulder formation is big, why we usually will not see a huge drop or retracement.
Also this simple chart tells us that the Bulls are in control.
- We have escaped the down trendline
- Bullish Momentum - look at the MACD Histogram
- RSI looks good (not overbought)
- Bullish Volume is again above MA20
- Increasing Global Market Cap and Volume, which tells us that the Market Sentiment is bullish
I hope you liked it! Please leave a LIKE, my friends.
D4 <3
Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE.
If this is the case we should very soon continue to go up and start our 5th Wave. It's always hard to determine these waves, but one thing is for sure and that is, that the bulls are in control.
Here I have used Classical Charting, which show us the same picture. The Right Shoulder on the Head And Shoulder formation is big, why we usually will not see a huge drop or retracement.
Also this simple chart tells us that the Bulls are in control.
- We have escaped the down trendline
- Bullish Momentum - look at the MACD Histogram
- RSI looks good (not overbought)
- Bullish Volume is again above MA20
- Increasing Global Market Cap and Volume, which tells us that the Market Sentiment is bullish
I hope you liked it! Please leave a LIKE, my friends.
D4 <3
Comment:
I gotta be honest - it's always hard to predict a correction, especially in such an early stage, and it was maybe to ambitious. But here you have it.
The Real Deal!
The Real Deal!
Go go!!