I know I have been completely out of left field on this stock, but this is my last chance to get any semblance of bullishness in this stock left. This is an expanding triangle. Each leg has 3 waves. We just completed a double zigzag, so I am expecting a 3 move to complete E and go slightly higher than Feb highs of 20. THis well be the last time to sell imo before...
Very similar fractal to May-July 2015, you know what happens next. Expecting one more rally, not sure if it's lower high or higher high. But that will be the last time to sell before a huge drop
THis does not mean we topped, we could rally one more time
Right now we are in limbo, I was hoping for .786 retracement of drop from March but that may not happen. There are many possibilities right now.
There is no way to tell how low this next drop will be. We could make new lows or make a higher high compared to March lows. This is one model that is shown that shows a inverse head and shoulders with projections of 50000+ in the DJIA.
We are in the last rally before a big collapse coming up. This will form a gartley which will then give a target of 5 that should be followed by a big rally.
This is a very rare pattern. We will be close to finish a 5 wave sequence since 1970s lows. We still need to finish the C wave of correction that started last year. Then we will have one of the biggest rallies in history before crashing imo. Note: It is possible I got the first set of waves off the 09 low wrong and we have already completed the abc correction....
ABC correction from 2008 looks to be complete. Oil may be in the infancies of a new bull market
here we have beautiful rhythmicity in the market. The next low is set to complete in End of April
Definitely possible and even likely...don't get caught holding the bag up here!
You can't see where we are going without knowing what to look for... EW teaches us that after 5 waves there is a 3 wave correction, and depending on the degree that will tell us how big the correction will be. We completed a 5 wave structure back in Oct 2018, and now we are making an ABC correction that we are in the midst of. A flat wave is likely based on us...
It's about to go down. Might have one more touch of underside of channel. But this 2016-2018 channel is acting as strong resistance.