Midterm Trend: Correction not finished

14 mai 2018

Price is fluctuating but this is not the end of the correction.
Price will go up and down.

20 MA and 120 MA will act as Support and Resistance

Then we can go long for the long term bull run.
Be patient.

16 mai 2018

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16 mai 2018

Note

I'm updating my scenario 1 of Mid-term trend analysis.
Price at point B hit the resistance level exactly and started falling.
It is currently $8200 which is the support line I drew initially.
However, my wave analysis shows that correction is not over.
Correction will end near 7k in my updated scenario.
This will complete the AB=CD pattern.
Wave A and Wave C will have equal height.

16 mai 2018

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22 mai 2018

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22 mai 2018

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4 juin 2018

Note

4 juin 2018

Trade fermée: cible de profit atteinte

We've reached Support 2 and we're seeing an upward bounce.
Let's see how the price moves.