The Long Investor
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🕑 Added 2025-02-18 20:54:59 +0000 UTCI just wanted to share this chart with the higher level targets for Wave 3 and Wave 4.
The 1.618 Fib is taken from Wave 2 completing on the 0.618 Fib, as I can not rule this out right now, either way, Wave 3's target will be between $45 - $47
I want Wave 2 to be complete now and break out above the 200 Day MA next at $17.30, when this happens we can confirm Wave 3
But for now, we are still in this descending wedge which is a bullish formation.
So sit pretty, let the price action to all the work and add again on the next higher low or alternatively wait until $17.30 is flipped to support to get a lower risk entry.
That's all we need to do for now....great day and up +18% and sustaining the strength, can't ask for more.
Catch you all in the morning.
Comments
WallyN 🇷🇴
Brilliant! Thanks Cap
Kevin J
Would love Wave 3 to start today!!!
Alex
Bro if it goes to $45 I'm running naked in my city shouting your name
Daniel
Potentially yes you could say
Scott
So by following the descending wedge, there is always the possibility (emphasis on possibility) to potentially see movement down to the mid $10 price range (0.618 fib) before confirming the flip to wave 4. Not trying to scare anyone - just breaking down the language & chart for myself hahaha
Federico Salerno
❤️
TommyJR
It's a banger .. added a few more shares today
