Posting here for anyone who missed it previously in the chat room a few days ago.
This is a count I've been following since shortly after wave ii topped. I've gone back and forth between standard impulse and diagonal, but now it's looking too deep to still be a diagonal. We got a perfect hit on the 1.764 this morning, and with the RSI divergence I'm looking for a bounce (soon) in wave iv, before a final drop in wave v.
Disclosure: I am long MSFT with shares from ten years ago, and using protective puts to profit from the recent downturn. Looking for Primary 5 after this correction completes, will likely sell my shares sometime in 2019 if that plays out.
This is a count I've been following since shortly after wave ii topped. I've gone back and forth between standard impulse and diagonal, but now it's looking too deep to still be a diagonal. We got a perfect hit on the 1.764 this morning, and with the RSI divergence I'm looking for a bounce (soon) in wave iv, before a final drop in wave v.
Disclosure: I am long MSFT with shares from ten years ago, and using protective puts to profit from the recent downturn. Looking for Primary 5 after this correction completes, will likely sell my shares sometime in 2019 if that plays out.
Nota
Well we certainly got the bounce I was expecting. Closed half of my protective puts on Monday for a nice profit, rebought them back late today for a cheaper price. Still expecting wave v for one more low to complete C, targets are slightly updated as below.Nota
Adjusted the channel after the second surge yesterday/today, likely completing wave iv. It topped right where I expected near 102 and the 1.000 fib. Now looking for wave v down over the next few weeks. Target hasn't changed, from the 1.000 fib I'm expecting it to reach the 2.000 fib around 92 region.Nota
Future updates will be published here: "Looking for a drop"
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.