If the count is correct, our bull trap should land on $96, or further up on $97 if we go sideways for a bit. If not enough momentum, we might just move up to around $93. Then it will look like double top I it is also the upper border of Bollinger bands right now). There is also vertical red line - the length of inverted head and shoulders pattern, who come directly to the blue trend line drawn from 1-4 channel by the Wolfe wave count.
This make me think, that we can actually end up at around $100. Which is also very crucial psychological number.
This make me think, that we can actually end up at around $100. Which is also very crucial psychological number.
Commentaire:
My drawing of head and shoulder doesn't seem accurate. With new drawing it still ends at around 100. So the numbers stand. I'll make a clean chart tomorrow.