So in my previous analysis' I talked about the coming final shakeout, however I had gotten the timing of when it would arrive incorrect (I was expecting it a bit earlier). Alas, it is upon us! There is a good chance we go down lower to about 6K as indicated by the yellow arrows which give us support at the solid pink support line; however we equally might have already hit the lowest low of the shakeout indicated by the support found by the dotted pink trend line. Eitherway I am now in a long position since 62xx and have buy orders placed incrementally down to 5980 in case we do go lower to the solid pink trend line. Once we break the resistance of the solid pink down trend line above us, we should rocket towards our target of 10K in spectacular fashion.
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Only a few days at most away from break out
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April fractal this analysis was based on:
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On the way to 10K
