Just bottomed out right on the golden pocket. Great retracement for a major wave 1. Could this next phase be Wave 3 where the largest gains are typically made?... one can only hope, and read the charts.
I will say that I'm not sure what fundamental reason could spur this, but the price is in a nice area of support so risk/reward is low.
I will be especially bullish if we can reclaim the 240-250 region and bounce off current levels again.
Other than that, things look good to buy at these levels.
I will say that I'm not sure what fundamental reason could spur this, but the price is in a nice area of support so risk/reward is low.
I will be especially bullish if we can reclaim the 240-250 region and bounce off current levels again.
Other than that, things look good to buy at these levels.
