There are a few different theories and patterns coming together, if confirmed could lead to a strong break to the upside. Naturally it wouldn't take much for them to be invalidated, lets watch for the bull flag confirmation first, hopefully that will have a chain reaction leading us higher. If the Bull flag does not confirm I see us pulling back to the 78XX region to test support once more before pushing higher, if that doesn't hold re-test of 76XX is on the cards.
Not financial or trading advice, just guesstimates! - good luck!
Not financial or trading advice, just guesstimates! - good luck!
Commentaire:
We are still going sideways, still within the Elliot wave formation. Volumes have dropped. A big move may be around the corner? Up or Down?