I believe we can see 49k in a few weeks.
As for this week we need to hold off the bears, if we can get a sudden rush of buy orders we potentially can see 43k pretty fast before trickling back down andt setting up the higher target.
If we can hold this 37.5 k area by daily close, I'd say things are looking more optimistic.
As for this week we need to hold off the bears, if we can get a sudden rush of buy orders we potentially can see 43k pretty fast before trickling back down andt setting up the higher target.
If we can hold this 37.5 k area by daily close, I'd say things are looking more optimistic.
Comment:
Comment:
Here's my projected path for the next 3-4 weeks.
Potential target is approx. 51xxx
Then we should head down to find support before the final thrust.
Potential target is approx. 51xxx
Then we should head down to find support before the final thrust.
Trade closed manually:
Decided to take profit at 42500.. going to reevaluate in a few days
Now we should climb... do we get rejected at 49k or do we continue up.
Hopefully we get our answer this or next week.