General Tone:
We break $8400 and found massive resistance at $8600, where the downtrend began.
There are two possible counts.
- as a simple ABC, where wave 5 has begun down already
- as an ABCDE, where there is one more wave up, before a downtrend begins
A break above $9,200 invalidates both counts.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
A break above $9,200 invalidates both counts.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019