Ascending Wedge
Currently at the end of Wave 4
We should see either a breakout or breakdown during Wave 5
If we breakout, price target is $120k-$125k
If we break down, price target is $25k-$30k
Considering the direction of Wave 5, I would assume we will breakout. The only way that I see this not happening is if Wave 4 breaks down from the wedge.
I see the top of the market in Mid-January to Late February.
Not financial advice!
Happy Trading!
Currently at the end of Wave 4
We should see either a breakout or breakdown during Wave 5
If we breakout, price target is $120k-$125k
If we break down, price target is $25k-$30k
Considering the direction of Wave 5, I would assume we will breakout. The only way that I see this not happening is if Wave 4 breaks down from the wedge.
I see the top of the market in Mid-January to Late February.
Not financial advice!
Happy Trading!