The Long Investor
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$LULU - WATCHLIST -
🕑 Added 2025-03-07 11:59:17 +0000 UTCHas now given us a very good 3 wave ABC pull back and went as low $331 this week, just shy of the 0.5 Fib
The very obvious support zone is the 200 Day MA in the middle of the 0.5 and 0.618 Fib at $320, so this level can not be ruled out right now for a test but if $LULU can find support here shortly then a reversal to the upside is on here next
Remember how clean the impulse wave was from $226 to $422, now we have a spotless ABC pull back, a chart that moves this clean should be respected.
Comments
Nick E
Heading to 301 I’d say, right?
Chris H
Second buy in at $332
Chris H
First buy entered $349
Chris H
Is that primary wave 3 I see next? How exciting
Gareth Neary
Yes this is allowed.
NRCC
Cap, I've been following you for a short time now and the whole EWT theory still leaves me with some doubts. Why did you set the top of wave 5 below the top of wave B? Can the A-B-C correction have a relief wave, above the top of a wave 5, in an impulsive phase?
Nick E
I’m in, thanks for the update Cap!
