CEMI 1W (B) of (5) in Falling Wedge
Updated
- [ ] Wave count is correct in macro structure is on (5) down until mid 2026 at a calculated valuation of $0.0972 and we have travelled almost half of the corrective period of Wave (5).
- [ ] Wave (5) is the longest wave comprised of 2205 days
- [ ] Beginning April 2020 wave (4) was completed
- [ ] Starting April 2020 CEMI began by forming a bear flag with retracement to 0.382 for wave B at $7.5.
- [ ] Wave C had a price target of $0.6722 which was achieved March 22 of 2021 and was the byproduct of a descending triangle.
- [ ] The macro structure of the pattern is a large falling wedge with a terminal point price of $0.29 in Feb2023.
- [ ] We are currently on Wave (B) and have travelled almost half of the corrective period of Wave (5).
- [ ] Monthly MACD has crossed bullish
For the interim wave (B) there are three possible take profit targets.
$2.22 Breakout target
$4.46 0.618 retracement
$10 0.236 retracement
- [ ] Wave (5) is the longest wave comprised of 2205 days
- [ ] Beginning April 2020 wave (4) was completed
- [ ] Starting April 2020 CEMI began by forming a bear flag with retracement to 0.382 for wave B at $7.5.
- [ ] Wave C had a price target of $0.6722 which was achieved March 22 of 2021 and was the byproduct of a descending triangle.
- [ ] The macro structure of the pattern is a large falling wedge with a terminal point price of $0.29 in Feb2023.
- [ ] We are currently on Wave (B) and have travelled almost half of the corrective period of Wave (5).
- [ ] Monthly MACD has crossed bullish
For the interim wave (B) there are three possible take profit targets.
$2.22 Breakout target
$4.46 0.618 retracement
$10 0.236 retracement
Note
Good gains from $0.28 terminal but sold off $0.45
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