Well I think if it break ATH we see more waves up.
orvilleawright
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@TheTrex, Thanks for the comment. This is definitely a strong bullish trend and more upside is possible. However it has been in a strong trend for some time now and I think that some correction is due. Until we get at some correction I think that the upside is limited. Based on the current daily upswing even a 38.2 fib retracement will see prices returning to the 60xx zone. As a result at the moment I prefer to take my sell signals rather than my buy signal. I will consider buying after a reasonable retracement.
TheTrex
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@orvilleawright, Well we made ATH at 7800 and dumped hard. But I'm on your side now lets short!
orvilleawright
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@TheTrex, Lets hope we have more sellers than buyers this time around. I don't think that the buyers are going away. I think that lower prices will be supported. Good luck with your trade!