Long at least until wave III completes

6 mag

I expect wave III to complete at around 11-11.5.
Waves count started as rising impulsive waves started to shape off the long all-time channel bottom edge.

17 mag

Trade attivo

I like the last sell-off despite solid earnings release. We've got a nice hammer candle on Friday, May 16th. I added 15% more to my position.

Although I don't really like such a long Wave 4 to erase all Wave 3, I stick to the count now.

6 giu

Trade chiuso: stop raggiunto

Hey guys, I must admit that I was wrong with this waves count. Now the formation which I used to count as wave III, has no real 5 sub-waves impulsive structure. I discovered one thing that changed everything here. As one guys said, "when in doubt, zoom out".

We are in the wave 5 of an ending diagonal and the choppy price action which I was struggling to count, was actual 4 I believe.

So if the new count is correct, we shall see new lows at around at least $6.