On the daily chart an EW is in the works! If we manage to break the resistance at 13 then I would say with confidence that we are truly in impulse wave 3. And if it turns out we are in fact riding the aforementioned impulse wave, then I would expect a run all the way to around 25-26 since this is the 1.618 of impulse wave 1. Any thoughts ?
Kommentera:
This is a weekly view of the chart.
Kommentera:
So if you were interested in the time frame I had in mind then I would say maybe 2 months at most. However I would plan to take profits on the way up.