Bullish Thesis
- Wave 5 of 5
- "W3 projection" for wave 5 target has confluence with Wave 5 50%-61.8% fib levels (blue)
- RSI at uptrend line
- Stoch RSI is double bottoming, like March-April 2020, right before Wave 3 began
- Momentum is trending upward since Wave 4 bottom on Sept 22-24
- Ichimoku cloud is still showing green and expanding
- Price is at the uptrend line from July 23 pullback
PT1 = $157 (liikely)
PT2 = $190 (speculative)
Invalidation: below 125
- Wave 5 of 5
- "W3 projection" for wave 5 target has confluence with Wave 5 50%-61.8% fib levels (blue)
- RSI at uptrend line
- Stoch RSI is double bottoming, like March-April 2020, right before Wave 3 began
- Momentum is trending upward since Wave 4 bottom on Sept 22-24
- Ichimoku cloud is still showing green and expanding
- Price is at the uptrend line from July 23 pullback
PT1 = $157 (liikely)
PT2 = $190 (speculative)
Invalidation: below 125