Never guess the top or bottom

Just follow the trend ! That's the way to trade, if you want to be successful in this brutal world !

Here is a previous post on how to follow the trend ! Hope it can be helpful when we read it again !

I made a mistake to set up the target as 1995 for this UP wave. I will never set up a target for a UP wave and a DOWN wave. I will only follow the trend and wait the market to tell me "here is the top" and "here is the bottom".

Always remember that when you are predicting a target, you are gambling, but not trading! Think about it, the real peak point of both top and bottom will be, and have always been, created in less than one second, with just one trade. Millions of traders are trying to catch the magic point, but at most only one, most time none, will be correct. The nature of this magic point is random and emotional! No body knows how panic or how optimistic the people will be at that moment! The chance is less than the chance you may hit the jackpot lottery! Isn't it a gambling ?

So stop predict the top and bottom ! Just follow the trend, and the market will tell you as the top and bottom comes !

According to my own theory, the UP trend will end with a bearish pivotal point. So far, in the daily chart, no such bearish pivotal point is formed. So the UP trend will continue unless the
bearish pivotal point is formed.

In addition, another bullish trap zone is formed again, which indicates the UP trend is still OK. As I mentioned before, a trend reversal can happen only if the transition of a trap zone is completed. So far, the chart doesn't tell us this.