It was actually a wave 5
Updated count on YETI since by B wave count was wrong. Overshot the 1.272 for wave 3, indicating that the 1.618 will likely be reached. This puts us at $38.50 range to complete the 5 waves up, confluence by 2 pitchforks and 3 major fib extensions. Looking for a retracement to $34 before going long for this move. Preparing to short above $36 and continue positioning through the target.
I stretched a fib retracement from the target price and the levels land nicely where we see recent price action. Wave A should slice thru to $30- 33, break the major pitchfork and continue down to $23-25. The 786 level cant be ignored down at $18. Note the RSI bearish divergence.
I stretched a fib retracement from the target price and the levels land nicely where we see recent price action. Wave A should slice thru to $30- 33, break the major pitchfork and continue down to $23-25. The 786 level cant be ignored down at $18. Note the RSI bearish divergence.
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