A lot of people were looking for this in Jan because it was moving fast and but it was in a clear Wave 5 move for us, with waves overlapping and finishing in an ending diagonal Wave 5
So we added in the ABC correction count with Fib support levels
Wave A has been strong and fell as low as the 0.5 Fib and now we have a recovery....arguably there are 3 waves in the Wave A and it did drop below the 200 Day MA and the 0.5 Fib is typically found for Wave C and not A.....so with this being said, a bounce next now for Wave B makes sense but if the price breaks higher than the Wave B range then the ABC correction is complete
Therefore, in terms of risk v reward, playing this as a Wave B with the possibility of going back to the blue line at $200 makes a lot of sense.
RealOpinions
2025-04-02 20:09:30 +0000 UTCJuan
2025-04-02 15:44:47 +0000 UTC