Any EW'ers out there, I'd appreciate your input into PSEC and the rest of the BDCS composite ETF.
There may be a C wave up termination as an Ending Diagonal completing in PSEC. Lots of overlap throughout the structure.
I'm anticipating one final motive rally pattern up, perhaps an Ending Diag as wave 5 of C.
Targeting 8.87 or as high as 9.61.
Currently, the last 2 legs are a very strange looking pattern with odd proportions to each other.
But things are still objectively trending upward within a channel, albeit broken down wider in Sept.
There may be a C wave up termination as an Ending Diagonal completing in PSEC. Lots of overlap throughout the structure.
I'm anticipating one final motive rally pattern up, perhaps an Ending Diag as wave 5 of C.
Targeting 8.87 or as high as 9.61.
Currently, the last 2 legs are a very strange looking pattern with odd proportions to each other.
But things are still objectively trending upward within a channel, albeit broken down wider in Sept.