“…, we want to see a break above the grey W-i high, coinciding with a break back above the 20d SMA. That can trigger a run to the red upper trend line. A break above that line, which equals a break back above the Ichimoku Cloud, is required to confirm the grey W-iii . … The ideal target zone for the green W-5 is $4800-5400. But we can reassess that target zone once we get closer.”
The last hurdle to take for the Bulls to fully confirm the green W-5 is a break above the green W-3 high at $4092 made on March 12. Hence, why we stated, “contingent on holding above key price levels,” because there are no certainties. Only probabilities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is Bitcoin Ready to Rally to $90K?Market Analysis by Dr. Arnout ter Schure covering: BTC/USD, Bitcoin. Read Dr. Arnout ter Schure 's Market Analysis on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500: Is the Bull Unstoppable?Stocks Analysis by Dr. Arnout ter Schure covering: S&P 500. Read Dr. Arnout ter Schure 's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Nasdaq 100: The Anatomy of Forecasting the Counter Trend RallyStocks Analysis by Dr. Arnout ter Schure covering: Nasdaq 100. Read Dr. Arnout ter Schure 's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
More Pain Ahead for the Nasdaq 100?Stocks Analysis by Dr. Arnout ter Schure covering: Nasdaq 100, Dow Jones Industrial Average. Read Dr. Arnout ter Schure 's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Market Sentiment Analysis and Outlook: S&P 500, Dow Jones 30, GoldThis article analyzes sentiment trends for the S&P 500, Dow Jones 30, and gold, exploring how retail investor positioning might offer market outlook insights from a contrarian viewpoint.
Source: DailyFX - 🏆 305. / 63 Read more »