I am going to skip on levels – I want to explain few things here and I will elaborate at length in an article later on.
The trend lines that I come up with ( you probably have seen that sometimes they don’t have much sense in the beginning – there are no “at least two lows/highs to connect”, but later on they prove right…
For now please just bare with me, and look at this chart – I am sure you all have an urge to buy it right now , but is it the right thing to do?
Well, yes it can hit another leg up from here, but more probable is to have at least some kind of a correction first – be it a real wave down or just some sideways one with few downticks – and this is the game of probability and timing !
The trick is to wait for the right pattern to emerge and follow it . That much from me for now…