I am neutral at the moment but still consider this to be a Bull Market with short term weakness....not as some would have you believe going to $100. It is still Buil market long term because the Orange Ichimoku Line is still above the cloud and out of price until it is broke? The momentum is bearish because of the recent events and the possible formation of a Large Cup, however this is is subjective and is likely to be a Falling Wedge caused by recent lows of $540 & $465 which will have to be resolved by breaking the recent downtrend line.
Kommentera:
This bear target looks unlikely so probably more sideways on the cards?
