From the local high of $233.80 we had a 5 wave structure down for our sub-wave 1 and then a corrective retrace up to $228.85 for sub-wave 2.
On monday I fully expect us to start heading down for the sub-wave 3 of wave 5. We didn't fall as far as I would have liked today, so in order for the 1.414 price point to stay intact we have to drop to around $190 before heading up for sub-wave 4. This is our 2.618 Fib line and is very common for wave 3's to end ther. I expect Monday to be bloody and would not be surprised if we dropped 10% +.
This count invalidates at $233.80. I'm sitting on the sidelines until we get closer to the $185 dollar range and a more accurate endpoint. Good luck to all!!
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
On monday I fully expect us to start heading down for the sub-wave 3 of wave 5. We didn't fall as far as I would have liked today, so in order for the 1.414 price point to stay intact we have to drop to around $190 before heading up for sub-wave 4. This is our 2.618 Fib line and is very common for wave 3's to end ther. I expect Monday to be bloody and would not be surprised if we dropped 10% +.
This count invalidates at $233.80. I'm sitting on the sidelines until we get closer to the $185 dollar range and a more accurate endpoint. Good luck to all!!
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler