$HIMS - Alternative Impulse Wave
Added 2024-06-24 15:35:57 +0000 UTCMy brain has been rattled with this $HIMS chart, I have highlighted an area on this chart with a white circle, this is the area that has given me concern, which is Wave 4 on our previous chart, the normal chart we use for $HIMS......I have highlighted this area before that it was been fast and a lot shorter than Wave 2....this is allowed but it is still possible that it is only a small subwave of Wave 3.
So I am watching to see where this pull back now finishes at, if it holds on the 0.38 Fib here at $20.18, then this would indicate to me that this is Wave 4 (and we can get another leg higher to Wave 5 at $29), if it does not hold here, then we can continue to assume that $HIMS is in its ABC correction, as per the normal chart we use.
Comments
https://x.com/tempo_cap/status/1804630748407984626?t=pm-Ezki0m1Jv0j6B7qvM2Q&s=19
TommyJR
2024-06-25 00:13:00 +0000 UTCDefinitely got us all thinking this one 👀
TommyJR
2024-06-25 00:12:03 +0000 UTCOk thx for clarifying. I think you’d agree though it’s very rare to see and this less likely with wave 1 being longer than 3?
Byron Tanigawa
2024-06-24 19:17:19 +0000 UTCthis makes more sense to me. I didn't see the price going below $19
Marty Austin
2024-06-24 16:09:56 +0000 UTCThe previous ATH level at $25 has been the curve ball
Gareth Neary
2024-06-24 15:50:30 +0000 UTCNo that's not correct.....Wave 3 can not be the shortest of all 3 impulse waves (1, 3 & 5) It can be shorter than Wave 1, as long as it is not shorter than Wave 5.
Gareth Neary
2024-06-24 15:49:58 +0000 UTCAgree this is the correct count. Wave 3 can never be shorter than wave 1
Byron Tanigawa
2024-06-24 15:48:33 +0000 UTCThis is how I charted mine👍
Vojtěch Šimeček
2024-06-24 15:46:38 +0000 UTC
