TA - Short Term Trading, page-287

I think that’s a pretty fair call TBH.

Ive been making an effort to improve the little bit of charting skills I have, in particular EW and Fibs.

Lots of good stuff out there on you tube along with sites with the principles.

One thing that comes out everywhere is that the corrective wave after the motive is often far harder To pick up.

If someone is a LT holder, and is not actively trading but was looking to add to their holding, picking the change from wave 2 of a motive wave up to wave 3 could be a very profitable move. GXY motive waves seem to have been quite text book, and are pretty easy to see.

If around the 6th April you picked up that it appears to have convincingly moved into wave 3, then that would have been a fairly low risk time to add to your holding, and been quite a rewarding investment or trade.

Let’s see how it pans out here, but to go below $3.30 it needs an outside catalyst IMO.

DYOR GLTAH