Almost Ready for Next Wave Up

2023년 6월 24일

1) In an Uptrend - higher highs and higher lows - since early May (along with broader market) but more importantly has done so in the face of downward pressure on banks/financials

2) Retraced 38% of entire move up from May lows. Potentially has a bit further down to 50-61% retracement area before next wave up

3) Longer-term Parabola structure (on weekly chart) sets of for breakout from cup pattern to new highs later this year

2023년 6월 24일

노트

A break of the overall weekly parabola would invalidate the above thesis in my view