looking for a long term test of 75p, wait for the retracement first.
Comments
richie165
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RajDall,, Good morning young man hope your well,, Im sure we are now in wave 5 for Lloyds so I'm trying to get some target figures in my head for the conclusion of the wave bearing in mind that 74/75 will be strong resistance ,,I'm also aware that generally wave 5 terminates either 38% or 62% from wave 1 to the end of wave 3 and that gives us 25/05 or 19/07. Do you have any thoughts and how many sub waves are there generally in wave 5 because if its 5 then it would seem that we do have further to go,, interesting times. cheers
RajDhall
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@richie165, In this wave my personal target would be the 74 level and wait for a reaction. Then a correction of 50% or so (of that wave). But this trend has been strong this year!