Finally! Subwaves 1 and 2 complete
Now that subwaves 1 and 2 are complete, the stage is set to predict the behavior of the remaining 3 waves.
Subwave 1 bounced off the long-term purple trend line. It remains to be seen whether subwave 3 will punch right through or bounced off.
If subwave 3 bounces off the purple trend line, then we may be on an ABCDE wave bouncing between the purple and green lines of a symmetrical triangle - which isn't good news for bulls because the exit out of the triangle is down, and I don't know about you but I'd rather this bear market be over and done with sooner than later.
Subwave 1 bounced off the long-term purple trend line. It remains to be seen whether subwave 3 will punch right through or bounced off.
If subwave 3 bounces off the purple trend line, then we may be on an ABCDE wave bouncing between the purple and green lines of a symmetrical triangle - which isn't good news for bulls because the exit out of the triangle is down, and I don't know about you but I'd rather this bear market be over and done with sooner than later.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.