F
fibo_trader
Slam Dunk! Suspected Wave C up underway .............. Stop for Long goes under the Sept. 10 low
Now we see how far Wave C will go? See chart below same as chart above but with the C-wave internal subdivisions
Wave C has passed 38.% and is now at 50%. See the higher subdivisions at 61.8%, 100% .......................
View attachment 287715
No change in analysis and target for Long BEAR trade. STOP is still intact!!
Yeah baby, dig it. Stop stays exactly where it is. Will not move it until we get to at least 61.8%. Then and only then after a cross north of 61.8% will the Long stop be raised to just under 61.8%.
Plan is unchanged. Giving the rally a chance to get underway.
Wave C going to less than 61.8% is highly unusual. But hey, these are unusual times with the Greatest BEAR of all times. So surprise surprise is quite possible.
But my premise remains: it son't matter doodly, BEAR will always follow the Mathematics of of the move.
Therefore Wave C up is still underway with target to minimum 61.8% as stated earlier.
Enjoy, continues next week.