Today/tomorrow probably will close longs and will be looking for short side. If we are completing the wedge, then we should do some drop after final fifth wave push. Another interesting aspect was that wave 1 and wave 4 were both directional which is pretty uncommon from EW perspective.
Will try to take this last push up to complete fifth wave. Overall looking something similar to happen as you can see on the ghost chart on the right. Its just the copy of A wave from Daily view. (We are probably currently in C wave on Daily). After fifth wave completion and bearish confirmation will look for short positions.
Difficult to read especially the yellow third wave in the middle. Let's track it. Not ready to cut longs yet. If it begins to slip then I'll wait for pullback to try enter shorts. Until then just tracking.
I've been stopped out at 7250. No problem, looking for another run. We must hold this RED weekly trendline.
From weekly perspective we could be in B wave for fourth wave triangle, so if we rally it may turn down for C wave after breaking All Time High.
For now I'm waiting for it to finish C wave inside Y wave of the ZigZag. If the FIB support and Weekly (RED)...
Guys we are almost there. Such a long waiting!
After "lambos" area we should go to 20-22K and then drop back to 8000–6500 areas or maybe lower. Before the rally of the century.
Come back for coffee: 33zTTYxPkR28w82adBXtvER6bJU3WdUR5D
Now we see ABC inside of E wave completed. If we were in fourth wave triangle then by EW point of view we should be finished and head to 16K before another correction which can lead us back to 6500 level. And then heading to stars.
if we were in triangle then probably we have ended the correction. One possible outlook is that its a triangle inside of B wave correction which means there still will be a C wave down to 8000 – 7500 levels. But its more unlikely.