Caution is most definitely warranted. This high we are carving out now technically could complete all of wave 4. I am projecting wave 5 of C of IV down to maybe as much as 3200. However, as of now I am counting this only as the "a" wave of IV so a retrace and a move higher is what I am anticipating, but the bulls must hold the target area on any retrace.
Best to all,
Chris
Best to all,
Chris
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.
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.