What I'm seeing (and I could always be wrong) is a 5-3-5 corrective pattern. The 5th wave of (A) will be an ending diagonal at around 77.90, which will lead up to a (B) wave that will close between the 0.382 and 50% fib area. Then it will make it's descent down to the major support/demand area around 57-47 range to complete wave (C).
The (C) went could be shortened or whatever, but when looking at the weekly that major support looks like a landing pad.
But again my TA is just a reference to whatever you are seeing. I will be closing my shorts when the (B) is identified. Probably here soon, then riding the wave till it produces a closed swing for me up finish shorting.
Happy Easter 🐇
The (C) went could be shortened or whatever, but when looking at the weekly that major support looks like a landing pad.
But again my TA is just a reference to whatever you are seeing. I will be closing my shorts when the (B) is identified. Probably here soon, then riding the wave till it produces a closed swing for me up finish shorting.
Happy Easter 🐇
