Long

Bullish Count

By wsbza

Updated

expecting wave (5) will push the share price to all time high

Note

also note
wave (3) equals approx 1.618 times the length of wave (1)
wave (4) has retraced within 0.382 - 0.5 range

Note

possible wave (4) expectations

OR

Note

preferred count

alternative count

Note

- wave 3 may reach one of the common fib extension levels, e.g. 1.618 or 2.618
- wave 4 should not overlap with wave 1, therefore $5.05(end of wave 1) could be a key support level for bulls

Note

if overlapping do occur, plus divergence between price & indicators, then wave (5) could be an ending diagonal.

Note

current trend on the daily chart is up: higher highs & higher lows in price, Guppy EMAs also says bullish

Note

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

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