Potential breakout with retracement - temporary eye on a long.
I am keeping my finger on the pulse for a potential upwards movement before plummetting down again.
This is based on my former analysis that over the whole year, we have one big massive , and if you look at that, a spike up is reasonable considering the other side of the shoulder.
After this rise and fall, I believe we will find what many call "the bottom". As someone pointed out though, there is really no bottom, and there is no zero.
What do you think?
We will follow the red triangle down to about 2800,
and then POP!!! Up we go to between 5-6k,
before another descent to find "the bottom", which is linked to in my other article. Let's see, and have fun trading.