SamSuka
The Long Investor
The Long Investor

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$CLSK

The 1.618 Fib for Wave 3 is like a magnet

$CLSK looked like it was powering up to its 200 Day MA and overshooting the 1.618 Fib for Wave 3 but the magnet kicked in and pulled it back and by doing so maintained the structure.

Price has since held on the 0.38 Fib for Wave 4 now too, so we want to see a higher high and higher low here next to show that $CLSK is in Wave 5.

Structure looks very good here to me

$CLSK

Comments

So are these new 5 waves after the ABC correction part of a new wave 1?

Trading Chairman

Yep, and the 200 Day MA too.

Gareth Neary

Looks perfect with wave 5 testing the underside of that channel for a rejection before probably running again.

Adam L


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