Update from my last idea on STMP:
The B Wave pushed for a higher high to my target (green box), and now seems to be reversing to complete the C Wave of the final ABC structure. Hoping to see more confirmation of the reversal still.
The first yellow target is between 0.618 and 1 fib extension of Wave AB (making the final ABC structure a running flat), and the second yellow target is between 1.236 and 1.618 fib extension of Wave AB (making the final ABC structure an expanded flat).
Stay tuned. Happy trading.
The B Wave pushed for a higher high to my target (green box), and now seems to be reversing to complete the C Wave of the final ABC structure. Hoping to see more confirmation of the reversal still.
The first yellow target is between 0.618 and 1 fib extension of Wave AB (making the final ABC structure a running flat), and the second yellow target is between 1.236 and 1.618 fib extension of Wave AB (making the final ABC structure an expanded flat).
Stay tuned. Happy trading.
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Oof, didn't pull the trigger on the short due to lack of reversal confirmation, and happy I didnt. Post market jump to ~$127 after stellar earnings report. Earnings are wild.