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Will_Wong
May 7, 2019 11:58 PM

YINN: After 2 days of Trump inspired selloff, Wave (2) is almost Long

AMEX:YINN1D
Direxion Daily FTSE China Bull 3x SharesArca

Description

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done with close to 61.8% retracement. Maybe one more day tomorrow.
Wave Analysis
Comments
j412i
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I am having trouble seeing an obvious support level for this. Do you think there's a small chance it could bottom out at $18 or even $16? Especially if Trump puts the screws to China in the coming days?
Will_Wong
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@j412i, In EW Theory, wave 2 typically retraces 61.8%.
j412i
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@Will Wong, Thank you
KNUTWILLIE2U
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@Will Wong, It bounced off .764 so should get some mojo this week don't you think?
Will_Wong
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@KNUTWILLIE2U, Agree.
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