The Long Investor
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$ANF - TEXTBOOK CHART -
🕑 Added 2025-03-05 14:56:17 +0000 UTCBeautiful textbook chart and something we can learn a lot from.
Impulse Wave completed in 5 waves.
Wave A then pulled back to the 0.38 Fib (often confused as a Wave 4)
Bounced then in a corrective manner and in a bearish triangle
Broke down from the triangle and dropped right down like clockwork to the 0.618 Fib today at $79 after its earnings release.
And just above the 200 WMA too.
So in terms of R v R here, if support can hold, we would be looking for a reversal next and to start climbing back up above the amber fib levels.
Comments
Clint M
Look under collections and learning center.
redget
is it mostly 0.618 for C wave?
redget
cap which levels do we look at for the ABC correction? I have not seen any cheatsheet for it
Clint M
FWD PE is under 10 as well, Cap? Did I get that right? This seems like a no brainer if so
