retracement for the entire price movement from the Dec 2018 low to the recent ATH.
Previously counted as a ABC, it is now recounted as a 5 wave down. Wave 3 looks done and a wave 4 bounce to Fib 38.2 could be a 4~5 bagger.
With the Intermediate Cycle Low approaching for the stock market (end February/early March), it is important see how silver fits in the scheme of things.
gloves. In ROKU case, a bunch of trend supports and a daily pivot also helped. ROKU reported earnings and revenue today and saw its stock rise from $140 to $151 before poor guidance brought it down to $126.
retrace for an entry position at base of handle.
this is a count that can support that.
5 with lots of upside left.
Correction at Fib 61.8%
wave 4 correction.
market selloff could bump TSLA down a wave correction, which would be a huge buying opp. The i-ii, (i)-(ii) has a target (iii) of $635.
for sub (iv) based on a tyipcal Fib 38.2 for a wave iv and a Fib 50% for a wave 2 (considering that Sub (iii) is a 5 up.
A wave (2) typical retracement is 61.8%. The current retracement is only 23.6%. With the SM in a wave 4 selloff, expect the HnS pattern to play out.
upside in this one. Super bullish on this one. Hard to find one just at the beginning of wave 3.
minor sub-waves to the top of 3. Potential wave 4 pullback to fib 38.2. Then off to the races.
looks done. Wave C next with possible targets of A=C, Fib 50%, and Fib 61.8%
a long leg down.
C down next.