OTHERS May be Due for a POP

1 Jan

OTHERS - Looks like a possibility that a 3 wave correction may be completed. Price action is showing signs of a potential pop, breaking out of the demand line. If we can close above the demand line, this is a bullish clue.

We did hit retracement down to the 0.5 on the 20th of December, touching the 1:1.272 window. The 0.5 is considered a bullish ratio.

HOWEVER: On a larger time frame; this could be a trip towards the second wave, with another dump down to a 3rd wave, too early to tell.

Historically, 30-ish % pull backs are common during this phase of the cycle. Being that income tax season is upon us here in the great U.S., this could have a positive effect on the market.

Good luck traders, it is the year of the Bull Run! Apply all of your strategies learned in 2024 and lets make this our most prosperous year yet!

-Not financial advice-

5 Jan

Catatan

OTHERS - Showing some resistance at the 0.618 after our 5 minor wave climb with a nicely printed Doji candle. IF we do head down and candles start closing below the supply line, it may be a clue that we have not seen the 3rd wave down yet.

8 Jan

Catatan

When the word "Bullish Clue" is mentioned, this is in reference to a small time frame consideration.
Ex; 1-4 hr chart. When considering large time frame, OTHERS is bullish of course.