Hello. This is just my idea, but I start to like it better and better. I have drew a green trendline
, wich showed us a triangle. We did break the triangle, and getting more like a rising wedge
, but not totally sure if its valid, because it`s just an illusion because of our red trendchannel. I think we should focus on the red channel. If we get up there I think we will test the top of the channel, and then we might break the top at 3133ish.
If we get through 0.618 fib I think were aiming to new ATH
, but have alot of resistance on its way, I want to close my position at 1.618 fib, but I will also look carefully all the way up, and also maybe after. If we zoom out we have another long term fib 1.618 @ 6.281 that should be valid in the longterm.
Im not a pro, im just a noob do some drawings ! Do not use this as a trading advise, do your own analysis.