vale is on the verge of completing its initial 5 waves down into Wave A.
look to pick it up at $16.80, with a price target for the mean retracement (wave B) at $20.71
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note, corrections come in 3's, so this 5 waves down from the local peak is counted as Wave A, followed by Wave B, and then the final flush for Wave C into the local golden zone.
Once that wave C is in, Vale will go on a full blown, parabolic run.
We'll talk about it later.
look to pick it up at $16.80, with a price target for the mean retracement (wave B) at $20.71
----
note, corrections come in 3's, so this 5 waves down from the local peak is counted as Wave A, followed by Wave B, and then the final flush for Wave C into the local golden zone.
Once that wave C is in, Vale will go on a full blown, parabolic run.
We'll talk about it later.