Still a new trader to Fib. But after examining BA. I believe we're still in wave 3 long term from last years bottom. We also just had a corrective A,B,C following an W,X,Y move. I think we're forming either another W,X,Y or small 5 wave subordinate. As you can see on my chart, I think we still have downside to 243, 239, and lastly 234. This would complete either X or subordinate wave 2. Which would then transition to Y or subordinate wave 3 to the upside. The red line is some resistance so either Y or 3 could form something small there as well before we take off. Please feel free to give me feedback and any thoughts you have as I am still new. Thank You!
Have a Great Week Everyone!
Have a Great Week Everyone!
Comment:
Update: Hit perfectly on my last line of resistance. Wave 3 trend as well as subordinate wave 3 should continue now.