I'm long PALL (etf) from 61.20.
White count, while valid, is suspect given the deep wave 4 (below the 61.8% extension). I've added the blue count--a variation of sub-divisions in wave (3) with much higher targets.
Given the rally stalled at the 100% extension off the lows, then failed to hold the 61.8% extension, I'm not sure the full impulse will play out to (5) or whether some kind of corrective move higher might be operative. Regardless, holding long for now with no complaints.
White count, while valid, is suspect given the deep wave 4 (below the 61.8% extension). I've added the blue count--a variation of sub-divisions in wave (3) with much higher targets.
Given the rally stalled at the 100% extension off the lows, then failed to hold the 61.8% extension, I'm not sure the full impulse will play out to (5) or whether some kind of corrective move higher might be operative. Regardless, holding long for now with no complaints.
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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.