Meta Update: Ending Diagonal Forming?Another day, another ticker update. As I said in my last post, this rise is coming to an end. Most of the time when an ending diagonal forms, you don't know it until you are towards the end of wave 3 or in wave 4. They just appear corrective in nature vs. impulsive. That being said. If this is the correct count, then we should start a retrace for 4 soon. I would expect it to be a 3-wave move that slightly overlaps wave 2 before making a 3-wave move higher to finish wave 5 of (5) of ((1)).
As of now we are still on neg div. indicating this primary move up is running on fumes. You may notice I talk about MACD ALOT. This is because it is the single most important indicator out there IMHO. It is also the only indicator I primarily use. The RSI and volume indicators are helpful sometimes too but are usually just noise to me.
If you have any questions let me know. I will post on Meta weekly or so until sometime in the 1st quarter of 24'. Also, many people view my every post but not many boost them. The best way to reach as many people as I can is through y'all. If you find these posts helpful please boost them to help spread the word. Thanks, and God bless every one of you!!
