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shortest. Wave (5) can be the longest. I am taking this all the way to $3500 for a wave (V) of 5 top.
actually looks a lot better than TLRY, IGC, NBEV and some of the others that shot to the moon in recent times. That was one of the reason I got in much earlier. But I also got January 2019 calls because December calls are not available.
Still bullish. The recent violent selloff is the typical characteristic of an ending diagonal. The corrective wave can retrace all the gains from the diagonal which is what we saw. We also see that wave (2) came to the same level as the earlier wave 2 of a lesser degree.
violent wave (2) of 5 selloff which retraced 100% of the ending diagonal. BB is stretched out wide with the price sitting outside the lower band and ready to spring upwards. RSI is yugely oversold. Should regain the 200 ma in short order. Wave (3) target at 1.618 extension of wave (1)
triple bottom was broken.
an ABC or a new impulse....
Spruce Capital. The chart shows a wave 5 high of $149 but who knows....
sub (v) of 5 will terminate in an ending diagonal at about $2400.
a potential HnS pattern forming. Then I recounted the waves and found out that wave 5 is a perfect 0.618 extension of the length of wave 1-3. The wave 3 target is slightly higher than the HnS target. You can wait for confirmation when it breaks the neckline or trust the EW count and jump in right away.
but count is still intact.
bottom rail of the channel. Seems Brutal but Count still intact.
being formed, most likely a triangle. No option is available for this ticker. Wave 3 target is about $22.
using EWT. EWT is great with counting the waves. To benefit from an accurate count, one must know how to use the wave count. I have used the EW as a tool to help me with my swing trading. I endeavor to buy calls at the end of wave 2 &4 (or beginning of wave 1,3&5) and exit my positions (take profits at the end of wave 1,3,&5 (or beginning of wave 2&4). I have been ...
a diagonal. The last sub (v) of 5 is in progress. Typical length of sub (v) is 1.0 extension of Sub (i) which is only about 8 points away. A 1.618 extension will put it quite a bit higher. Check the Daily for more details.
were correctly counted. What was not expected was the 5th wave of the Leading Diagonal extending past the Top Rail. Nonetheless, expect a small drop to retest the top rail breakout and if it passes, wave (III) should take CVS to new heights.
Poised to climb on Wave 5. Please DYODD. I am holding Jan 2019 $13 Calls which is currently 40% under water.
Diagonal. This Chart shows the three possible targets starting from the Fib 0.618 extension of wave 1-3, to the Top Rail of the Leading Diagonal , to the Target of the Cup n Handle. Please DYODD. I am holding Oct 19 $24 Calls which are currently over 100% up.