This count assumes that 5 waves (yellow) are done, and since 3rd wave extended a lot, 5th can be be short lived. Also the 5 subwaves (green) appear to be done. If we assume the bottom in Dec and this 5 wave move as the 1st wave of a new bull cycle, the possible correction levels are shown in the chart from the Fib levels.
However, note that technically the correction can go as low as $23 and still make new highs. So take care when you long (especially now)
However, note that technically the correction can go as low as $23 and still make new highs. So take care when you long (especially now)
Bình luận:
The revised count (green) suggests the top is in , at least for now. Take care
Bình luận:
Yup, looks like we were correct
