SamSuka
The Long Investor
The Long Investor

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$GCT - RC -

Leading diagonal Wave 1 here, followed by an ABC corrective wave, we can see that Wave 5 topped out at the 2 Fib and has come down very aggressively.....also noting how aggressive Wave 5 was too, so it was equally matched.

I am only seeing one wave in this decline so far so I assume this is Wave A, this should get a relief bounce next for Wave B and come down one more time to complete the corrective wave around the 0.78 Fib and the 200 Day MA at $7.30.

$GCT - RC -

Comments

thank you so much

JessyyRabbit

I don't think so, hardly made an impact on the daily chart

Gareth Neary

so you don’t think the wave A to B happened in the last 5 days as it went from 9.25 to 11.40

JessyyRabbit


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