i spot a diamond top. Correction started from top 109k to 73k.. i count this as correction wave A.
Correction wave B is forming now and assuming we are attracted to the 100k level.. potential BULLTRAP.
From there we could see wave C, wich would be long and dragging us back to 43k levels..
We will need to see top 109k taken out.. will we????
chop me up.
As a top got confirmed together with change in momentum, negative crossing of stochastics, i'm looking towards next levels.
446 as a support and bottom trendline.
Area around 438 again as support and bottom trendline.
A short position should be held as long no bottoming has formed around those levels.
Purpose is to let profits run.. everyone wants that.
So the...
