Extended the zones to date, added the triangle and the impulsive channel
Comment:
@Moon_man_alex
I guess you must know this chart very well by now:-)
This is not an area to be long. Maybe it will break out of course but time wise it's around daily half cycle high now and must print a daily half cycle low within the next week or so before proceeding higher. So expect a few days correction to correct the sentiment from euphoric towards doubt and pessimism again. it has already checked the first demand zone, proving that there are still late stage buyers there. Cheers, P.
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I guess you must know this chart very well by now:-)
This is not an area to be long. Maybe it will break out of course but time wise it's around daily half cycle high now and must print a daily half cycle low within the next week or so before proceeding higher. So expect a few days correction to correct the sentiment from euphoric towards doubt and pessimism again. it has already checked the first demand zone, proving that there are still late stage buyers there. Cheers, P.