This is why I focused so heavy on $ABNB over the last 10 days, apart from the pull back hitting the 200 Day, the trend line and the 0.618 Fib, it is also entering Wave 3 from my chart.
So if I want to catch any chart running until the end of the year, I prefer to take a Wave 3 over a Wave 5.
I have Wave 3 running until the standard 1.618 Fib at $210 and my average is $121.
Having sold previously at $150, after loading up heavy at $104.
50% of my members joined this group from July onwards and were not here when we were benefiting from the market rally, they likely came in at the end of Wave 3, which is how the market works.....rallies attract people to the market.
Hopefully since then I have been able to teach many to stick with the plan and take advantage of buying the pull backs.
I will never forget the guy who said in this group, 'I am a long term holder for 3 weeks now and I have not made any money yet!!!' amazing. A long term holders for 3 weeks, in the middle of a Wave 4 pull back.
David Hoffman
2023-10-12 16:08:51 +0000 UTC