Not ready yet! Watch for a double-bottom divergence on RSI/MACD. That will trigger a massive increase in volume to push us up above the handle. A break above the rim is confirmation. I'm personally interested in allocating 5% of my portfolio to this anticipated move in light of US/global monetary/economic conditions. Looking for a BUY signal around 1550 give or take.
Note
1-month later, analysis holding up. It may not break down to 1550. But that would be an ideal price target. This is a massive C&H, it's going to need some time and volume to breakout. Note
Correction in progress...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.