Hello everyone,
I know it has been a while, but I have always been here. So far looking at my last post we nailed it with a touch of 34k and a bounce. However, I was expecting a much faster capitulation to 28k. Instead, we have been consolidating creating a classical triangle pattern , typical of wave 4 in Elliott wave analysis. In the chart, you can see I am expecting one last attempt from bulls to push over the strong resistance at 45k to then capitulate all the way down to 28k to conclude this retracement and start the new bull market.
Let s see.
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