Seems like the correction from the 170 low is almost done. We might see one last surge up towards the 240 range, but I think we will see new lows after this, possibly sub 130 if the correct dosis of panic is injected.
The correctional pattern seems to be developing in a regular ABC correction within the ascending wedge. I suspect a breakdown any time within the coming 7 days.
There is good chance this final plunge will be THE final plunge, I believe the previous sell-off could be classified as "panic" category, meaning " despair" has yet to come. after this we might finally see some nice bull run which could last for several months.
be greedy when others are fearful...
The correctional pattern seems to be developing in a regular ABC correction within the ascending wedge. I suspect a breakdown any time within the coming 7 days.
There is good chance this final plunge will be THE final plunge, I believe the previous sell-off could be classified as "panic" category, meaning " despair" has yet to come. after this we might finally see some nice bull run which could last for several months.
be greedy when others are fearful...