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311cpm963

391 Posts.

73

07/07/20

05:01

Post #: 45683243
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Originally posted by Goodfella58: ↑

My target is simply based on Elliot Wave protections as we appear to be in wave 5 of three or C.

Wave five is typically accompanied by light volume.

Wave 1 was from $8 to $23.8 and as Wave 3 extended the probability is that wave five will be equal and that started at $55.34 on my count plus $15.8 to arrive at $71.14

There is an argument that five started at $55.92 which gives a target of $71.76

It would be interesting to know how you arrived at your target.

I won't be going short there though as I want to see five down and three retrace.

The tendency for waves to be equal is not a fixed rule so it could easily push higher.

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What language were you speaking there?

APT Price at posting: $68.00 Sentiment: Hold Disclosure: Held
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