As of now, it should be pretty clear that we are on a rising channel.
Given the fact that this is just the beginning of the long term bull market, there's simply no way we can clearly define which channel the market is following. In the graph, it is defined by the blue, red and pink lines. (With the pink lines as the least confident ones, best suited for short term bets)
The current risk to reward ratio are at 0.5 : 1 or 1.1:1 depending on where the market moves. With the bottom defined as $540, and the top of $780~820.
In my opinion, the FBI shouldn't matter much at all. By 27th June, the market would already have digested that piece of information given the collapse from $680 ~ $587.2 to date.
Given the fact that this is just the beginning of the long term bull market, there's simply no way we can clearly define which channel the market is following. In the graph, it is defined by the blue, red and pink lines. (With the pink lines as the least confident ones, best suited for short term bets)
The current risk to reward ratio are at 0.5 : 1 or 1.1:1 depending on where the market moves. With the bottom defined as $540, and the top of $780~820.
In my opinion, the FBI shouldn't matter much at all. By 27th June, the market would already have digested that piece of information given the collapse from $680 ~ $587.2 to date.