As I said in my last post, I expected us to drop again today. It was a tad bit stronger than I anticipated but CPI can do that. The important thing is we didn't break any critical areas to invalidate the count. I set my stop @ $137 and we hit $137.13 before heading higher lol. Talk about close call. I expect us to head higher again tomorrow towards the final target box for wave (i).
Once the structure looks complete, and we top on neg div, I plan on selling my position with the intention on buying back in towards the bottom of wave (ii). That should be a 3-wave retrace and will be the official confirmation of our count.
Should we drop again tomorrow and take out my stop, there is a possibility I am one degree off, and wave (ii) has already started. With the strength this ticker has shown off the bottom from 07 Feb, I am convinced we made our bottom until it proves otherwise.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Once the structure looks complete, and we top on neg div, I plan on selling my position with the intention on buying back in towards the bottom of wave (ii). That should be a 3-wave retrace and will be the official confirmation of our count.
Should we drop again tomorrow and take out my stop, there is a possibility I am one degree off, and wave (ii) has already started. With the strength this ticker has shown off the bottom from 07 Feb, I am convinced we made our bottom until it proves otherwise.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Note
Made it into the box pin ore market. I upped my stop to $145. I expect 2 more slight highs to finish out the last wave v.Note
Just got the first OMH. stop raised to $149Trade closed manually
Sold half my shares to lock in some extra profitNote
Ideally I want to see OMH into the 2.618 @ $163. That would be a fully completed count IMO.Note
Stop raised to $158.50 on remaining sharesNote
Getting that second high now. Ideally I would like to see it hit the tiny box at the top before falling for (ii)Trade closed manually
Sold the rest of my position for a 33% profit in 7 days.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.