Blue 12345 = wave 1 of Weekly
Green ABC = wave 2 of Weekly
This means we can prepare for Wave 3 of Weekly which should take us to retest the $220 high.
However, there's strong Supply Zone at $170-180 area. This area seems more likely to halt wave 3's move.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If...
Charting at a friend's request.
On the weekly chart, $CRSP looks to have potentially completed a strong Wave 4 correction.
Sure does feel like its a good time to enter with a position and prepare for a Wave 5 climb, with a potential target price of $281~$319.
NASDAQ:CRSP is holding its support and just bonce today from 50 MA. Swing play. Buy price: 163.39, Potential target: 219.42 & stop loss: 144.73.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
