TA: Waves 5-15-2018

Waves has finished it’s market cycle and it looks like we are in the early stages of a new market cycle. The long term downtrend has been broken and we now see a steady uptrend.
We expect to see some heavy fomo to kick in once we break the last high which would at the same time confirm a longer term uptrend.

upcoming wave features most of which will be completed in the next couple of months:

We are about to enter stage 3 of the J-curve:

We are currently Long Waves and will be buying more on dips in the buy zone.

Posted in Technical Analysis and tagged , , .

Leave a Reply