$DELLs bubble has burst after a very impressive run this year.
I am a little skeptical of this Wave 4 here, it is very short compared to Wave 2 but it is valid in terms of the number of waves visible
But I am watching to see where support can be held
Right now we can see that support has been found at the 50 Day MA now and the 0.38 Fib is just slightly below at $123, if the price can hold at $123 then this pull back could still be Wave 4....solely because of how odd the Wave 4 is looking right now, so I am open to this alternative count.
Lets see if $123 level holds, if it does not, then we can assume that $DELL is into its ABC correction now