I will keep this short, just like my trades. Right now we are trapped between the yellow short term and blue long term moving averages. It is a battle of breaking out of the blue resistance AND holding the yellow support. I think both will fail at the same time next week.
Secondly, we have out long term red moving average and our (since inception) green 500 day average about to cross on what looks like a historical day on October 1. This was the day 5 years ago the previous correction that looks similar to this (a bull pennant) rallied.
Although history often repeats itself, never in the same fashion. As the smart money has to be the opposite of the herd to become whales. Right now on trading view the buying indicator turned into a "buy". In the past this was a good indicator to sell similar to what is now called the "CNBC trading indicator".
Here is my targets with the VPVR indicating around $4900 is the next stop.
You will thank me later.
Secondly, we have out long term red moving average and our (since inception) green 500 day average about to cross on what looks like a historical day on October 1. This was the day 5 years ago the previous correction that looks similar to this (a bull pennant) rallied.
Although history often repeats itself, never in the same fashion. As the smart money has to be the opposite of the herd to become whales. Right now on trading view the buying indicator turned into a "buy". In the past this was a good indicator to sell similar to what is now called the "CNBC trading indicator".
Here is my targets with the VPVR indicating around $4900 is the next stop.
You will thank me later.