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jjmatsjr
Nov 12, 2021 3:40 AM

SMH Long

VanEck Semiconductor ETFNASDAQ

Description

SMH. Potential for a wave 5 continuation. Possible reversal points marked using two methods. 1st - Extended 3rd wave tells me that wave 5 may have a similar run to wave 1. 2nd- Distance travelled through waves 1-3 multiplied by .618. That's the proper way to use the fib on an impulse wave. You don't just measure out directional pulls and expect it to bounce somewhere. That's gambling. It may be a close 50/50, but those odds aren't good enough for me.
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