Greetings. My idea is that after earnings we have entered Wave 3’s iii, which should be the strongest wave up. We finished wave 3’s wave ii at the 0.786 around $7.20. If all goes well I’m hoping for a target at the 1.618 which would be around $18.30. Timeframe is uncertain of course with EWT. GLTA
Comment:
So just some clarity here, with the CPI report coming out today, we are likely in a C wave currently, the end could be in the Yellow Box or it could be lower than that depending on the depth of this C wave, I still expect a giant Wave 3 after this sending us into the high teens/20s eventually but we aren't there yet
So just some clarity here, with the CPI report coming out today, we are likely in a C wave currently, the end could be in the Yellow Box or it could be lower than that depending on the depth of this C wave, I still expect a giant Wave 3 after this sending us into the high teens/20s eventually but we aren't there yet
Comment:
I'm going long, at this point, the strength on the 4H and daily MACD is good, looks like we may be in Elliot wave 3 at this point as long as the Core CPI doesn't derail things. GLTA!
Comment:
I wasn’t too happy how weak SOFI was yesterday so I closed my calls, I’m going to wait on the sidelines, the 2H MACD looks weak but the daily is still moving up.
SPY
looks very weak too
SPY
looks very weak too
Hard to say what’s going on here, but best guess at this point is we are not in wave 3 as predicted but possibly still wave 2 specifically the C wave in a regular flat wave that could take us lower $6.35 ish? Regular flats either end at 100% or 123.6% of wave A, then to enter a wave 3.