$ANF - TEXTBOOK CHART -
Added 2025-03-05 14:56:17 +0000 UTCBeautiful textbook chart and something we can learn a lot from.
Impulse Wave completed in 5 waves.
Wave A then pulled back to the 0.38 Fib (often confused as a Wave 4)
Bounced then in a corrective manner and in a bearish triangle
Broke down from the triangle and dropped right down like clockwork to the 0.618 Fib today at $79 after its earnings release.
And just above the 200 WMA too.
So in terms of R v R here, if support can hold, we would be looking for a reversal next and to start climbing back up above the amber fib levels.
Comments
Look under collections and learning center.
Clint M
2025-03-05 15:24:49 +0000 UTCis it mostly 0.618 for C wave?
redget
2025-03-05 15:00:46 +0000 UTCcap which levels do we look at for the ABC correction? I have not seen any cheatsheet for it
redget
2025-03-05 15:00:21 +0000 UTCFWD PE is under 10 as well, Cap? Did I get that right? This seems like a no brainer if so
Clint M
2025-03-05 15:00:07 +0000 UTC
