My idea on WABI Long

Description

⋅ May 20, 2018 4:58 PM

WABI has completed the 5 waves and start a new cycle.

Now it's on wave 2 that already retrace 61.8%.

It should go to 1st target but look like it want to retest the 61.8% (0.00% on fib extension) support line again before going to 1st target.

Then it should retrace to Re-entry zone and continue to 2nd Target.

Any comments and suggestions are welcome!

Wave Analysis Trend Analysis

Comments

BigboyWabi

⋅ May 22, 2018 5:38 PM

Got into first entry point, lets see what happens next. I hope for the best!

ChhingChang

⋅ May 24, 2018 4:37 AM

@BigboyWabi,

But now it retraced more to 78.6%, so I just updated my chart and posted a new one.

In this case, I was wrong about putting the blue line to not fit the second support point.

Please see the new chart and give your idea!

Thank you!