Nice to end the week with cleanly-structured 5-wav
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Posted On: 05/21/2021 1:34:23 PM
Nice to end the week with cleanly-structured 5-wave rally off the Wednesday low. This weeks action doesn't change my overall thesis that we're stuck in a huge 5-wave ABCDE consolidation triangle off last July's $10 spike, except the C leg bottom extended from March $2 into May $1.77, and the D leg may only reach mid $5s instead of $6:
https://www.tradingview.com/chart/CYDY/OmZbMv...-10-spike/
Expect to retest $1.90s early next week before the D-leg rally really gets going, then test $2s again for E leg correction later in the summer before final takeoff. Have a great weekend!
https://www.tradingview.com/chart/CYDY/OmZbMv...-10-spike/
Expect to retest $1.90s early next week before the D-leg rally really gets going, then test $2s again for E leg correction later in the summer before final takeoff. Have a great weekend!
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