So I believe our first count has played out and we are seeing 5 waves complete now.....it is extremely telling that the 0.5 Fib and the 0.618 Fib are on either side of our important $40.60 blue line. An ABC pull back into this area and bouncing will be enough to show that $SE is in an impulse wave and I believe it can go higher and close the gap above.
A failure to hold the 0.618 Fib and there is a real chance that this can come right back down and make a new low.
If the market can turn around and rally towards the EOY, this will likely benefit, but if there is a market breakdown, I can not see how $SE will turn bullish and be an outlier.
Be Blessed Enterprise
2023-10-22 21:57:46 +0000 UTCFernando Baena
2023-10-22 20:25:49 +0000 UTC