BLUE CIRCLE: is the consolidated market after the nifty 50 gave its bull run recently after June 20th. ORANGE CIRCLE: is the buying and selling, basically the manipulation of stocks for the short period. RED CIRCLE: and now the current stage, where the stock is forming A HIGHER LOWS PATTERN, chance to give a breakout. PURPLE LINE: is a support.
I am watching for something like this in next 4 months. I think now we are at stage 1 and we will consolidate a little bit here before next move to the upside. Probably this stage 1 bottom could be around $43k in my opinion and next move could be around end of september or begining of octomber.
The closer you look the less you see. Goldman Sachs four stages of economic growth 1)Despair Outperformed : verified Utilities and Health care 2)Hope Outperformed : verified Car Manuf Chemicals 3)Growth Outperformed : verified Real Estate Travel Sector 4)Optimism Outperformed : Latest themes such as : verified Electric cars Latest tech such as :...