Taking a crack at EW and ABC correction based on tweets by @Landm_Marius. It's definitely possible, so we'll see how it plays out.
Note
Wave 4 is off...in hindsight I wish I would have been more bearish on the pullback. My Fib retracement is measured on a larger time frame in order for the wave C pull back to hit the .5 Fib. Measuring the Fib from the start of wave 1, I see that wave 4 actually pulled back between .382 and .5 Fib. At this time, only some good volume can get us back on track for wave 5 before a pull back March 1-2. March 3 we board for Mars.
Note
Also, a sharp wave 2 indicates a more gradual wave 4 (should have seen that...blah). If wave count is correct, then look to take profits between $230 and $240 and re-buy $190-$185. There is a heavy resistance between $225-$230. We'll need to a lot of volume to plow thru.Disclaimer
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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.