The memory ETF- DRAM is satisyfing all fib ratios rules to suggest it might be onto its wave 5 journey and complete its stellar run at 85$ which is almost 60% higher from current levels.
For people planning their shorts, considering the momentum of this ETF, it's important to keep this level as a line in the sand and validate by mixing indicators to suggest that 85$ indeed becomes the near future top.
Till Aug end, its a good time to remain a bull in names like Micron, SNDK, SKHY
For people planning their shorts, considering the momentum of this ETF, it's important to keep this level as a line in the sand and validate by mixing indicators to suggest that 85$ indeed becomes the near future top.
Till Aug end, its a good time to remain a bull in names like Micron, SNDK, SKHY
Trade active
Wave 4 went way deeper which typically sets the stage for truncated wave 5. In short, I no longer expect this ETF to hit 87 but to top within 75 to 81 range
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.