Looks like the turquoise count it is, and price got a huge boost from earnings. Not before it dropped down to $153.07 (low $150's) as I called for. It took all of 2 minutes for price to drop down that low before rocketing back up to the $190's though. I would expect price to make another high up to the 1.382 extension before retracing for wave iv, but it isn't required.
After price tops in wave iii, it should drop to around the 1.0 @ $180 for wave iv. It is at that time I will most likely look to buy back in. No guarantees though as I won't push it. As I have said in the past, I fear losing money much more than missing out on profits. I work hard for these profits, and I won't squander them on what ifs. There are always trades to be made somewhere, I don't need to take outsized risks for them. Not to mention, entering at the bottom of retraces makes the risk / reward much more in your favor.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
@TSuth your analysis have been awesome. waiting to hear from you when you get confirmations( based on your statistical analysis). Of course there is never 100 % guarantee for anything.
TSuth
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@mohsinusa thanks I appreciate the compliment. I'll make my usual posts Sunday night
bumbumbole
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@TSuth dipped below $180 , do you believe it dips more for iv, or this is it?
TSuth
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@bumbumbole I don't even know for sure if this is iv yet. wave iv shouldn't dip below $173.73 or its sonething else. This could even just be another 1-2 causing another extention within the count. until we get more price action we can't make a definitive answer yet. on the 3min chart we have carved out neg div