Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
Catching of falling knives was unsuccessful. As before, we are in the fourth wave. We can consider this wave as:
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
Catching of falling knives was unsuccessful. As before, we are in the fourth wave. We can consider this wave as:
- Triangle
In this case, it has ended and now the 5th wave will begin, BUT a puncture is possible(There is no way to determine if there will be a puncture). The second problem is that triangles can be very tricky. So two weeks ago, it was also possible to draw a triangle(another one according to which we should have been bought earlier). Even now, it is possible to form many triangles, for example, a large one(like Ford's). The last thing that disappointed me was the opinion of the community (Something that almost everyone expects to happens rarely happens). Based on all the above, I do not like the option with a triangle, despite the fact that I really want it to be long.
Simple abs. (Continued correction)
This option is preferable.
