AVGO showing quite textbook looking waves with fib confluence, expecting current impulse wave down to at least touch the previous major support. If price hits this target, I'd expect it to be the beginning of a deeper correction.
Note
Price moving as expected, making new LLLH's. Chart above is showing current bearish count.
Note
Price still moving as expected, It looks like it has broken out of the wave 2 consolidation. Also possible that wave 3 will go beyond the targets. Attached is the updated count.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.