$PRPL in an ABC correction of Minor wave 2 (1-2, 1-2, 1 setup)
-Primary wave is in Green, starting at Sept 4th low to Oct 20th high
-Intermediate wave is in Yellow, starting at the Nov 11th low to the Nov 30th high
-Minor wave is in Pink, starting at the Dec 14th low to the Dec 18th high.
- The Pitchfork is following the Primary wave
Watch for $PRPL to come down next week as it completes the ABC correction to finish minor wave 2 (in pink).
From there im projecting a high of $31.50 around Jan 8th to 11th before a retrace to $29-$30, and then a completion of the minor wave 5 (pink) to complete the intermediate wave 3 (yellow).
Intermediate PT of $38 by early to mid February. Long term PT of $47 around mid March to April.
Note: Be aware that time targets are approximations, and less accurate the further out we project. The more time we have to play out, the more time we have for the conditions to change.
-Intermediate wave is in Yellow, starting at the Nov 11th low to the Nov 30th high
-Minor wave is in Pink, starting at the Dec 14th low to the Dec 18th high.
- The Pitchfork is following the Primary wave
Watch for $PRPL to come down next week as it completes the ABC correction to finish minor wave 2 (in pink).
From there im projecting a high of $31.50 around Jan 8th to 11th before a retrace to $29-$30, and then a completion of the minor wave 5 (pink) to complete the intermediate wave 3 (yellow).
Intermediate PT of $38 by early to mid February. Long term PT of $47 around mid March to April.
Note: Be aware that time targets are approximations, and less accurate the further out we project. The more time we have to play out, the more time we have for the conditions to change.