Head and Shoulders . I normally don’t trade Elliot Waves much but always nice to employ the theory when possible to add confluence and direction. I believe we’re in Wave 3 right now.. its the most aggressive wave, the $$ maker with approx 200% gains from wave 2 correction so far. Im not an EW Jedi by any means but im quite sure I nailed this one, thoughts and constructive criticism always appreciated.
We hit the wall today at 8.37 strong monthly resistance. I can see small correction here tomorrow or not .. if we push through i see a $10.50 target followed by a correction and some consolidation then hitting wave 5. I also have an Alt wave count in case Wave 3 gets extended which can happen 30% of the time.
Im not saying this is the exact play here… TA is an art, a calculation of best probability. Cheers
We hit the wall today at 8.37 strong monthly resistance. I can see small correction here tomorrow or not .. if we push through i see a $10.50 target followed by a correction and some consolidation then hitting wave 5. I also have an Alt wave count in case Wave 3 gets extended which can happen 30% of the time.
Im not saying this is the exact play here… TA is an art, a calculation of best probability. Cheers