A Resurrection Vigil
We are in a larger wave 4 and within nearing the minor wave C. If bears think this minute diagonal coming off the minor wave 5 is anything other than indication that corrective phase is nearing an end, below is why I highly doubt it and at this time see risk/reward highly favoring a run to new highs to complete larger cycle wave 5:
Within the black trend lines is what we will call the Crucifixion zone - at upper region near term bulls get crucified (in Jan this was because of distribution, recently its been a matter of absorbing the overhanging supply from this corrective phase); at lower region bears get crucified (the big money is accumulating your shares as you run for the exit because you watch the news).
From here the bullish divergence suggests they mark this up in coming weeks.
Not financial advice, but I wouldn’t want to be in puts when the ascension comes.
Within the black trend lines is what we will call the Crucifixion zone - at upper region near term bulls get crucified (in Jan this was because of distribution, recently its been a matter of absorbing the overhanging supply from this corrective phase); at lower region bears get crucified (the big money is accumulating your shares as you run for the exit because you watch the news).
From here the bullish divergence suggests they mark this up in coming weeks.
Not financial advice, but I wouldn’t want to be in puts when the ascension comes.
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