We have a triangle consolidation and the way it looks, it can break in either direction. A breakout above $170 will create an upward spike to the 1st Target@$200 (50 Day EMA resistance). Similarly a breakout below $150 will confirm a further correction to $130 (0.618 Fib Support) or lower
Interestingly, you can take both long / short trades at the same time now with stop loss of -$10 and target of +$30 as the current price is almost in the middle@$162
In the mid-term, I still expect a move to $250-$270 to complete the larger ABC waves. My previous post/chart is still in play (click below chart). However, the question is do we fall a little now and then go up or just breakout now

Here is the short-term bearish chart (exact opposite).

Another view. There is a case to be made for this because how we got rejected last night at the $167 level and also I'm not seeing a 5 wave impulse move, it appears to be a 3 wave ABC move

Interestingly, you can take both long / short trades at the same time now with stop loss of -$10 and target of +$30 as the current price is almost in the middle@$162
In the mid-term, I still expect a move to $250-$270 to complete the larger ABC waves. My previous post/chart is still in play (click below chart). However, the question is do we fall a little now and then go up or just breakout now

Here is the short-term bearish chart (exact opposite).
Another view. There is a case to be made for this because how we got rejected last night at the $167 level and also I'm not seeing a 5 wave impulse move, it appears to be a 3 wave ABC move
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。