ROG has experienced a 5 wave decline visible on the weekly timeframe. We can now expect at least a 3 wave corrective rally that can potentially reach the golden pocket at $332
Comment
⋅
Price ended up breaking below wave 5 endpoint indicated but has now recovered back above it. As such the decline down from 400 likely took place in an ABC move: the A wave ending at 299, the B wave ending at 335 and the C wave which having just ended.
it didnt behave like it, u got an idea about how it looks now?
ollion
⋅
i mean it did not end in the area of 330.
andrewyu02
⋅
@ollion, It's possible that the move down has turned into an ABC move, the A wave being the move down to 298 and the B wave being the correction from 298 to 333 so we are now nearing the end of the C wave since we can count 5 waves in.