Support Held, Looking Higher
Updated
Nice correction. Support held at 1.0 a=c. Looking higher, suspect GME earnings will be the excuse to do it. Techs are reset for next leg up, but -divergence will be forming doing so. Ultimately looking a lot higher. Due your own due diligence, not a recommendation. Below .84 this chart is toast.
Trade active
Watching this possibility. Doesn't change bigger picture or overhead targets, just means today's bounce was not the bottom yet, but instead a micro 4 and now getting the micro 5 to finish off the labled c wave. Personally I favor the bottom is in, but prepared to see a final flush here tonight.Note
Argument of whether or not this has tippy topped, low probability. Need a proportional, full five wave sequence up to complete wave C. Also zero -div on all large timeframes, supporting another ATH is coming. Not investment advice. Very attractive skew trade, so only trade what you can afford to lose. Anything is possible ie this setup can fail.Note
If truly a c is on deck, whether a c inside a iii or bigger C, this really should pop and run hard. That is the typical behavior of a c wave. If it doesn't move accordingly, question the setup.
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