The Long Investor
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🕑 Added 2025-04-02 15:19:42 +0000 UTCA lot of people were looking for this in Jan because it was moving fast and but it was in a clear Wave 5 move for us, with waves overlapping and finishing in an ending diagonal Wave 5
So we added in the ABC correction count with Fib support levels
Wave A has been strong and fell as low as the 0.5 Fib and now we have a recovery....arguably there are 3 waves in the Wave A and it did drop below the 200 Day MA and the 0.5 Fib is typically found for Wave C and not A.....so with this being said, a bounce next now for Wave B makes sense but if the price breaks higher than the Wave B range then the ABC correction is complete
Therefore, in terms of risk v reward, playing this as a Wave B with the possibility of going back to the blue line at $200 makes a lot of sense.
Comments
RealOpinions
Thanks for this one. Appreciate it.
Juan
And couldn't it be that the decline was wave 1, wave 2 was the pullback, and we're about to start wave 3?
