This is just another idea, good and bad ideas stem from situations like this... If the idea remains true, it looks like a good idea. However if the idea is false, then this trade may seem like a bad idea... An attempt to block out any good or bad, and to be replaced with true or false have been helpful in my mindset... There is no good or bad in life, just what works or what doesn't work. Good or bad can be confused with true and false from my perspective...
Wave 5 does not look complete yet...
Allow me to address that this is not financial advice... It is recommended that you do your own due diligence, fundemental and technical analysis before purchasing any asset. I simply enjoy looking at the charts...
Good luck and happy trading!
That was the short term signal to take profits...
Medium to long term...
Lets see how this idea plays out... Potential upside down head and shoulders would be bullish IMO...
Looking for a cup formation to form... We'll see
Long term perspective...