Did we finally bottom in this move down? Is it just the a wave or the entire abc? These are the questions I find myself asking this morning. I think this has all been wave a as I have said in previous posts due to MACD, but we don't have confirmation yet. We have hit with-in the target box, hit the 1.0 fib, and made a new low on positive divergence. These are all great signs we should be moving up.
As of now we have a mini-5-wave start from the bottom and only need OMH to complete what I call a full 5-wave count. Then we will need a 3-wave retrace before taking off. One thing I can finally say after falling for the last three weeks...price action looks promising. Let's see what clues today brings.
As of now we have a mini-5-wave start from the bottom and only need OMH to complete what I call a full 5-wave count. Then we will need a 3-wave retrace before taking off. One thing I can finally say after falling for the last three weeks...price action looks promising. Let's see what clues today brings.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.