The bears fail to break support at 12559. We think further bullish action is imminent. We are now Long with a target of 13500 points. This would be the minimum target of wave 5 depicted in ocher. However, if our primary expectation pans out, the bulls are set to reach new territory at around 14800. The no-go-area is below 12199.5. Should we break this support level, the bears will take over!
📊 Daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.