And that means Wave C is confirmed on some level. Wave C or Y of a more complex WXY type pattern. It is unclear which it is at this stage, as it is only early day of the last leg, but it does not matter as both scenarios are bearish.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci...
Penn National Gaming has quietly been gaining momentum during July after a massive fall in price since earlier this year. If we do a fib retracement from the swing high at $85 to its swing low at our bottom which is $63, we get a potential trade setup currently at the $71.84 price level. This $71 area is where the .382 fib level is, historically a great buy area...
