SW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1.
We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually either moves 161% or 262% of the length of wave 1. In this instance wave 3 target should hit a target of between $1.00 and $1.46 a share.
Time to buy up big!
We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually either moves 161% or 262% of the length of wave 1. In this instance wave 3 target should hit a target of between $1.00 and $1.46 a share.
Time to buy up big!