In any case, the count for this one seems pretty clear all except whether the green count of black 5 is correct or the red count is. The herd has left itself leeway to go either way. The red 5 option would be a much clearer outcome here both in that wave 5 would be a clear 5 waves down but also that it would better match the size of black 1 in log scale.
This is the point where if I was trying to buy for a long term hold that I would cost average in over the next quarter, always buying the 5 wave dip.
First upside target after the bottom is in will be $12 no matter what the bottom turns out to be.
2 comments:
Thank you captain.
Bought FCEL today at 5.5
I'm in at $5.44 just in the extended trade. I'll do a follow on post to it.
Post a Comment