Sub-wave 2
Updated
Today gave us OMH which extends our sub-wave 1 timeframe to 6 days. Today we started what I believe is our sub-wave 2 and marked on the graph is the ideal place wave 2's end. I will be watching this very closely as I want to buy in more towards the bottom of this retrace.
The key will be watching for when the count/structure is complete. We already have a 5 wave structure down. Next should be an ABC retrace up, followed by another 5 wave structure down to complete the wave. Wave 2's very commonly are a 5-3-5 zig-zag structure. If this happens to be the case here we could then expect wave 4 to be more complex like a flat. All we can do now is wait for clues.
💰💰Good luck to all💰💰
--Tyler
The key will be watching for when the count/structure is complete. We already have a 5 wave structure down. Next should be an ABC retrace up, followed by another 5 wave structure down to complete the wave. Wave 2's very commonly are a 5-3-5 zig-zag structure. If this happens to be the case here we could then expect wave 4 to be more complex like a flat. All we can do now is wait for clues.
💰💰Good luck to all💰💰
--Tyler
Trade active
Buy order placed for 70 shares @ $177.35
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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