IMHO:
Chart Details:
Wave-2:
-Wave 2 (5-3-5), ABC,
-Wave C (Wave 2) = 123.3% of wave A (or 161.8% of wave A)
-Wave C ( impulse)
Wave-3:
-the news is "probably" still bearish,
-Volume picks up,
-(by wave 3’s midpoint) almost everyone realizes that a bull market is firmly entrenched,
Check out my previous analysis:
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President Biden
@POTUS
United States government official
This week, we’ve seen American companies – from First Solar to Micron – plan to spend billions expanding American manufacturing.
And global companies are choosing America to invest and build.
None of this is an accident – these investments are a result of my economic plan.
@POTUS
United States government official
This week, we’ve seen American companies – from First Solar to Micron – plan to spend billions expanding American manufacturing.
And global companies are choosing America to invest and build.
None of this is an accident – these investments are a result of my economic plan.
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