Bull Impulse Wave III in progress up to 7200 in a week

My wave counts are telling me we could hit 7200 by Monday. In the short term, we should see a retrace back to near 6450-6500 in the middle of Wave III.

I'm glad I increased my position by 40% at 6000! If this current battle to get above 6800 follows through, that is clear confirmation that the bear trend is dead.

Have a Great Day!

Komentarz:

Well, I was just a bit off. It wasn't quite a week that we hit 7200, it was within the hour! And the battle at 6800 has been won. I expect a retrace to test that level as support now before continuing in the uptrend.

Komentarz:

And my pink line has also been penetrated. This was the long term down trend from December 2017 (on the log scale). HUGE! YUGE! YUGE signal that we've seen the bottom at 5800. $$$$$