$SHOP TOP 20 - WATCHLIST -
Added 2024-07-07 14:46:57 +0000 UTCOk I have spent some time on this chart this weekend to make sure we get this right because I know a lot of members are in here and are all in profit who have followed our buy alerts, we want to continue making more here too.
I spoke about the pull back being short BUT, it did go inbetween the 0.38 Fib and 0.5 Fib and within a few cents of $62, most importantly, we can see 3 clear waves in this Wave 2 too....so this Wave 2 could be complete now, this will be revealed with a breakout above the 200 Day MA at $68.90, which also means a higher high too.
If the price action can convert the 200 Day MA to support, then we have our third buy here.
Arguably we could have added at Wave 2 completing but it was slightly short and then bounced strong with the Mega Caps....I like to keep strict to my strategy, because it protects us, if the pull back did not hold there, it could have easily come back down to yellow line again and a lot of gains would have been wiped, so we don't chase, we keep to our strategy.
The risk will be off holding above the 200 Day MA, this will be an excellent area for us to add, so lets be ready.
Comments
When does that alternative head shoulder pattern become invalid that others were worried about? As long as it holds that yellow support?
Brian
2024-07-07 16:49:55 +0000 UTC
