This is my first post and I am still a novice. Any differing ideas please let me know. You can't learn without being challenged. Hopefully this helps someone out there.
Wave 1 and 2 are clearly visible here. Knowing the length of Wave 1 helps us to determine/predict where Wave 3 will end.
$24.62 is the 1.618 Fib line of Wave 1. This would be a good place to take a long position for a Wave 4 retrace.
Wave 1 and 2 are clearly visible here. Knowing the length of Wave 1 helps us to determine/predict where Wave 3 will end.
$24.62 is the 1.618 Fib line of Wave 1. This would be a good place to take a long position for a Wave 4 retrace.
Comment:
For arguments sake, we could be in a Wave 5 headed up to $43.07-$44.43(the 1.272-1.414 Fib lines of what would be a Wave 4). Only time will tell. Good luck to everyone!!
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler