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This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.
You think the bottom is in too?
I have serious doubts.
I try to keep an open mind. Both bullish and bearish scenarios are still possible, but the latest developments favor the bullish one.
6 days ago I said that it will take 10 - 15 days until the market will decide a clear direction. It may take longer.
If the bulls manage to conquer a high enough level and then defend a support level of 300+ when the corrections will come, then the bottom was 275.