There is Bearish divergence in the charts up to 1 hour at this time. I expect a temporary pull back before a continued up trend.
Until I have a confirmed sub trend, I'm not attempting to target or trade this as there are several potential valid outcomes for this movement which would require too much attention for me to bother with when I feel my positions of buying the dip are safe until observing signals to the contrary.
A new swing low will be very helpful in determining more likely areas of interest and targets within the wave count. Anything above the pink line is Bullish and I see the potential fora a momentary dip to the yellow before more up in one of the bullish scenarios in the grand scheme. $6,800 area is also of interest. In conclusion, I'm not willing to make financial changes to my portfolio until more clear indications of specific targets can be confidently determined.
Good luck out there and happy trading friends!
Until I have a confirmed sub trend, I'm not attempting to target or trade this as there are several potential valid outcomes for this movement which would require too much attention for me to bother with when I feel my positions of buying the dip are safe until observing signals to the contrary.
A new swing low will be very helpful in determining more likely areas of interest and targets within the wave count. Anything above the pink line is Bullish and I see the potential fora a momentary dip to the yellow before more up in one of the bullish scenarios in the grand scheme. $6,800 area is also of interest. In conclusion, I'm not willing to make financial changes to my portfolio until more clear indications of specific targets can be confidently determined.
Good luck out there and happy trading friends!
Kommentar:
Depending on the situation, $7,200 is also an area of interest however I'm not willing to commit to any of these until I see more evidence of our wave position and will patiently wait this out before chancing a degradation of my position or requiring too much attention to squeeze out every last penny.