I did a chart on this yesterday, but didn't publish it, however, its relatively similar.
I adjusted the ABC correction because looking at it from a larger time scale I see this chart playing out more than the previous.
Previous chart correction would follow the pink wave up.
My money will be on the teal wave. Going in around the wave 4 correction. If you're trading off this make sure to set your stop loss. Mine is around 10% drop. This is not financial advice, good luck.
I adjusted the ABC correction because looking at it from a larger time scale I see this chart playing out more than the previous.
Previous chart correction would follow the pink wave up.
My money will be on the teal wave. Going in around the wave 4 correction. If you're trading off this make sure to set your stop loss. Mine is around 10% drop. This is not financial advice, good luck.
Comment:
Looks like the previous chart played out instead and we're currently working on the 3rd pink wave
Comment:
WRX is all over the place lol, let's see if it bounces from here, if you're going to trade this make sure you set a tight stop loss, no idea how far it can fall from here. Enter anywhere near the 2nd teal wave and as long as middle green support line holds, this idea is still valid