Continuing on from yesterdays update in the bear market rally we are looking for Wave (C) of a Zig-Zag.
We had a pretty deep retracement followed by a recent mini pump.
We need to see price action continue higher above the previous pivot high in order to have more confidence for this move.
Target still remains at $25,000 unless something changes but whilst things still appear to be on track I will keep you updated.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
We had a pretty deep retracement followed by a recent mini pump.
We need to see price action continue higher above the previous pivot high in order to have more confidence for this move.
Target still remains at $25,000 unless something changes but whilst things still appear to be on track I will keep you updated.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
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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.
Related publications
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.