We over 3rd wave rally, now expansion of 4th wave is evolving. Lower rectangle is the range of typical correction. Latter I am expecting another round of rally.
After a enourmous rally of (iii) wave we are consuming all the speculation by creating (iv) wave. We shall decrease to approx 48-50 PLN range before another round up.
There we go with 3rd wave! 3rd wave seems to be completed now, waiting for a rebound/correction of 4th wave now to approx. 35-38 PLN, later more upward movement to go.
Finally some fresh uptrend is arriving. Price shall follow till 80-90 PLN levels with local corrections. At the present we are experiencing minor local correction. Next "Stop" approx 43 PLN.
correction shall be over now, so I await a serious impulse now.
Today's selloff resulted in a entire impulsive manner. Now there shall be a corrective movement to greenish rectangle.
at least corrective movement from last major drop should be drawn.
UPWARD Movement to 65-75 PLN with possible local correction approx 55-60 PLN
Price is holding above diagonal and horizontal trendlines. If price closes below the horizontal line all bets are off. I am seeing all indicators including CCI, Stochastics and +DMI 8 show the beginning of a new uptrend. All indicators show that the etf is oversold and moving up. Very Bullish. Another reason I like this ETF is because it's tax free due to the...