CRSP: Drop before 50% up move! (Requested by Chartguru1)
Blue 12345 = wave 1 of Weekly
Green ABC = wave 2 of Weekly
This means we can prepare for Wave 3 of Weekly which should take us to retest the $220 high.
However, there's strong Supply Zone at $170-180 area. This area seems more likely to halt wave 3's move.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Green ABC = wave 2 of Weekly
This means we can prepare for Wave 3 of Weekly which should take us to retest the $220 high.
However, there's strong Supply Zone at $170-180 area. This area seems more likely to halt wave 3's move.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.