Tom Demark count gave a clear green 2 on a daily chart. This means bear trend is over and bull run has started. According to Tom Demark count we will have 7 more days of uptrend.
Oversold Stoch RSI and Fibonacci confirms this.
I expect 2 scenarios in coming 7 days:
Scenario:1
Price will go up till 7500 resistance level.
Scenario: 2
7500 resistance level will be broken and we will have a new ATH.
I think scenario 2 is more likely as double tops near ATH are unicorns.
Here is my trading idea:
Long at: 6900
Take profit: 7500
Stop loss: 6500
Oversold Stoch RSI and Fibonacci confirms this.
I expect 2 scenarios in coming 7 days:
Scenario:1
Price will go up till 7500 resistance level.
Scenario: 2
7500 resistance level will be broken and we will have a new ATH.
I think scenario 2 is more likely as double tops near ATH are unicorns.
Here is my trading idea:
Long at: 6900
Take profit: 7500
Stop loss: 6500