Bottom of Adjustment

From the lower chart of page 1, the 50-day line SMA is most prominent and is the greatest support of the current rising trend and the level is 14711. While the previous low and 200-SMA are both at 14353. The bottom of Bollinger Bands is at 15190. The fibonacci ratio of 0.50 is at 15438, which is quite near the 50-SMA of 15387, these two can be merged into one.

Bottom of Adjustment

US Stock Express 9

From the lower chart of page 1, the 50-day line SMA is most prominent and is the greatest support of the current rising trend and the level is 14711. While the previous low and 200-SMA are both at 14353. The bottom of Bollinger Bands is at 15190. The fibonacci ratio of 0.50 is at 15438, which is quite near the 50-SMA of 15387, these two can be merged into one.

These are all possible endings, but mind that the “50-SMA” will move up day by day and better watch this closely. The end of this current wave will trigger the whole year forecast of 2022, which will come later.

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