Hey @dappaT, I'm thinking IMU will do a corrective wave here not...

Hey @dappaT, I'm thinking IMU will do a corrective wave here not just because it's hot or the waves look done, but because of the insto situation finishing up. You guys know more than me there, but I think it might just drift without them around.
In terms of what corrective wave you'll get I think you might just want to sit back and relax while letting it play out. Usually after a move like this you need a decent breather which can come in multiple forms. Unless it keeps mooning like afterpay did, which is possible here and not ruling it out.


Next thing to look at would be monthly or weekly charts but they're both real messy ones dating back to lower prices in 2012. So pretty hard to gauge waves there. Have a crack at putting some waves on the monthly which could tell you where IMU is at possibly in the grand scheme of things. When I have a go I get multiple ideas so I'm no help there.