So This was indeed 5 waves done, and today we had the B wave. Wave C $21.50 ?
Elikone
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Possible outcome. i also see Target can be around $32
Kujo_Qtaro
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@Elikone certainly possible. For me I just prefer being a little conservative, so that’s why I picked 30
Elikone
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@Kujo_Qtaro, Another count would be is that this was a 1,2,3,4,5 wave done, which makes it first wave 1.
hweikang0828
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@Elikone I hope this is wave 1 haha. Could be a good bull run.
Elikone
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@hweikang0828, Actually now that i look at it, it does look like wave 1, if you look at the RSI on the 1 hour chart, it's pretty clear. now it is reloading for wave 3 and this could lead us to $42
Elikone
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@hweikang0828, if that was wave 1, then we might see another low at $22.50 before we bounce back to start wave 3. don't you agree?
hweikang0828
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@Elikone oops replied with another account of mine
Kujo_Qtaro
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Does anybody know how to relate this idea to my previous USOIL post?