Is this intermediate wave 3 or are we still in wave 2? Sharp correction complete (possible) vs more complex WXY (also possible but less in line with industry sentiments?)
Looking for a gap close in either scenario?
Revisited this count and finally saw this ending diagonal. I am cautiously bullish here. Breaking above the trend line (breaking above $7) would be extremely bullish.
Scaling in from $5.50
Stop loss at $4.90
Maybe one final low to .618 / $16.37 before bouncing?
Potentially complete here. Needs to break above
MA8 Daily = $17.56.
Wave 3 target potentially 40% upside.
Breaking below .618 could mean loss of momentum.
As said, the pre earnings impulse was impossible to count. Now that that we have our correction, we know the top is in, and we can fill in the blancs.
The bull thesis is valid as long as APHA doesn't fall below $4.16.
There is a gap to close at $4.42.
This sell off was nonsensical, in my opinion, even though it was expected after such an insane pump. Still,...