alexlifeson1985

alexlifeson1985

The fundamentals of the current medical crisis and the soon-to-be critical financial crisis aside, we can see a large decrease in volume but increasing prices. This typically signifies the continuation of a larger trend. Furthermore, it appears we are in a bear flag and the top just breaches the 0.5 Fib level. Mutiple attempts to breach the supply zone have...

alexlifeson1985

Seems to me like a few interesting points are lining up. Fib retracement has respected the 0.618 level, and there is a very large bullish divergence that has made itself visible on the weekly. Looking at potential targets, 12700 - 14000 as per the 0.5 and 0.618 respectively. Possibly even higher. This is a longer-term forcast, ups and downs are sure to both be...