no, not yet young grasshopper.
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looking like a classical wxy as of this morning
will reject one of the pink levels on my chart - i take profit on my long at every single one \ move my stops up higher into profit as we go.
wxy's can take time and are extremely corrective moves, so this last dip could take another 1-2 weeks to play out before we finally begin any kind of move out of this range.
downside target is sub 41k - could go low, but not lower than 39651.0.
it might be a 1-2 once it's completed, or an a-b; we really won't know until we see the move that follows out of this range.
✌
-----
looking like a classical wxy as of this morning
will reject one of the pink levels on my chart - i take profit on my long at every single one \ move my stops up higher into profit as we go.
wxy's can take time and are extremely corrective moves, so this last dip could take another 1-2 weeks to play out before we finally begin any kind of move out of this range.
downside target is sub 41k - could go low, but not lower than 39651.0.
it might be a 1-2 once it's completed, or an a-b; we really won't know until we see the move that follows out of this range.
✌
Note
chop city
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i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.