Expecting 5th Wave; target 156+
Updated
Possible 5th wave that extends to minimum 156 with likely target of 167.
Comment
Pennant forming on what appears to be wave 4 of the minor. My trade setup for next week will be to go long on a break of wave E, or a convincing break of the top of the pennant.Comment
Position opened at 132. It appears an ABC correction, wave 4 of the minor, has been completed. Comment
SQ threatening downside action. My forecast was 173, so my position is still open, but another drop below 147 and I will be closing. Comment
Accidentally posted PINS update. Here is the SQ chart.Comment
My original forecast is still a possibility.Comment
I guess it's safe to assume my original forecast stands.Comment
Closed at 154.50. I was hoping for more, but the momentum appears to be slowing, so it is likely on wave 5 of wave 5.
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.