Could have counted it as simply a 1-2 but that would require the 2 to have a super shallow 23.6% retracement which is not normal.
3-4s to complete the count.
Fib 38.2 reached.Target is major fib extension of A=C
ago that their nano chip will be delayed. INTC are seeking outside help with their nano chip manufacturing and TSM may have landed a big chunk of their business. AMD, the other competitor seems to have cooled.
As bullish as anything I have seen.
for both the stock market and commodities.It is going through a wave 4 counter trend rally. It bounced off the pivot and should seek out the next higher resistance which is R1. The Bollinger bands are starting to narrow which means a movement towards the middle. A=C also targets the Fib 23.6%. Based on all these factors, the USD should move up in the short term....
Silver and ES are inversely related to DXY. Trying to fit my primary counts for all three in a sensible way.
smaller wave iv. A=C on the larger wave 4 can be expected for the smaller wave iv.
soon. Bounced off the pivot support S1
targets $255 which tests the 200ma.
Wave 3 = 4.618 wave 1.
correction. A C wave down to complete wave 4.
a buy at fire-sale price of $3 from a lofty height of $63
Wave 3 target $3700++
ending. This is not the most bullish count but a reasonable count that takes into consideration the numerous overlaps and utilizes the long term trendine as well.
Sweet 3 of 3 next. Target $110 which is almost 4 times the current price.