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 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 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.