Just a quick update on the chart that i use since the last chart i published.
It still seems to work pretty well.
Before we look at the lines i wanted to say that i still believe we are in a giant bearish B wave that could potentially take us down to a new low somewhere between 3k and 2k in the remaining months of 2019.
Looking at the lines it looks like we entered a new triangle.
So we might go up a bit now but i suspect downfall to happen from the diagonal line down, bounce a few times and when we near the end of the triangle a bigger drop down to the next horizontal line below the triangle @6.25k
This is not financial advice, It is just me trying to make something that predicts the future ;-)
It still seems to work pretty well.
Before we look at the lines i wanted to say that i still believe we are in a giant bearish B wave that could potentially take us down to a new low somewhere between 3k and 2k in the remaining months of 2019.
Looking at the lines it looks like we entered a new triangle.
So we might go up a bit now but i suspect downfall to happen from the diagonal line down, bounce a few times and when we near the end of the triangle a bigger drop down to the next horizontal line below the triangle @6.25k
This is not financial advice, It is just me trying to make something that predicts the future ;-)