We closed out Friday very well with a $1.27 / +7.58% in retained Market cap growth. Don't get me wrong we could give some of that up tomorrow, but I believe we should be in wave 3 of iii right now so to sputter out this early would be worrisome. Not to mention we haven't even breached the wave 1 of iii high. We need to breach wave 1 by enough that it gives room for a wave 4 retrace. Ideally, I would like us to hit the 1.382 @ $19.60 or even extend higher before we have our next retrace.
Notice the red line on the MACD. I want us to breach this line which would be another indicator we are in fact in wave 3 of iii. Not required but typically something you should see. Hopefully tomorrow is a continuation of Friday and we jump at least another $1. Once I feel we start to get close to a local top I am going to sell most of my calls. I forgot to mention to y'all, on Friday, I sold 5 of my calls that expire 15 Dec. to capture some profits. Good luck y'all!
Bonam Fortunam,
--Tyler
Notice the red line on the MACD. I want us to breach this line which would be another indicator we are in fact in wave 3 of iii. Not required but typically something you should see. Hopefully tomorrow is a continuation of Friday and we jump at least another $1. Once I feel we start to get close to a local top I am going to sell most of my calls. I forgot to mention to y'all, on Friday, I sold 5 of my calls that expire 15 Dec. to capture some profits. Good luck y'all!
Bonam Fortunam,
--Tyler
Note
As of now we have positive divergence Note
Last two days have closed red but we're still on pos div at this time. This gives me confidence in the count. Tomorrow night I will make a new postTrade closed manually
Closed my Dec 15 contractsNote
Man I love EWT!!!! I'll make a new post tonightNote
We haven't even breached my red line on the MACD yet indicating this push higher is still in its infancy. I expect us to breach it very soon.
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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.