$BABA
Added 2023-02-18 12:25:36 +0000 UTCVery happy to see this pull back and how it is waving. Following our Wave 2 count now, we know that Wave 2 normally bounces between the 0.38 - 0.65 Fib, the 200 Day is cutting right through the 0.38 - 0.5 Fib area so this is a spot I am watching for Wave 2 to complete. If it does not hold within this range, we are into the bear case and the Wave C target is possible.
I remember in late Dec and Jan, a few people were disappointed that this did not pull back to the levels we wanted...we are seeing now that by waiting and letting the waves follow their normal trajectory, we will get our opportunity to buy at undervalued prices and not chasing after a strong run.
We are seeing this happen with Tesla now again and this is why I never get concerned with missing an opportunity, it turns from being a price issue to a time issue and we have plenty of time.
Comments
Subwave 1 existed entirely within November, so it was short
Gareth Neary
2023-02-18 15:46:25 +0000 UTChow do you divide the (1)? the sub wave 3 is the shortest which is conflicting with the rules
WL
2023-02-18 15:44:27 +0000 UTC
