Looking at Yeti, This thing has been a true FUCKING BEAST ! Ran %138.55 percent in the last 83 days but at some point even Yeti's have to fight with the bears to survive !
I see a perfect elliot wave structure , this being the 5th wave and also showing bearish divergence on pretty much every timeframe i will be looking for a short. I got my 5th wave projection by taking the overall structure of the first 3 waves retraced to the bottom of the fourth and extended %61.8 .Im expecting a wick to around $30.60-$31.00. My retracement targets are just orderblocks close to important fib levels . This has been working great overall for my trading strategy so lets see what this baby does !
I see a perfect elliot wave structure , this being the 5th wave and also showing bearish divergence on pretty much every timeframe i will be looking for a short. I got my 5th wave projection by taking the overall structure of the first 3 waves retraced to the bottom of the fourth and extended %61.8 .Im expecting a wick to around $30.60-$31.00. My retracement targets are just orderblocks close to important fib levels . This has been working great overall for my trading strategy so lets see what this baby does !
Comment:
Upon further analysis Yeti looks somewhat strong still and could go for a extended 5th wave to $35.81 ish .. I will be watching my initial targets closely and will short the first chance i see weakness on a 15 min chart .....
Comment:
If you missed your first chance, heres your second one to short this bitch down