Might retrace a bit more before wave 5 sets in.I'm aiming for the zone between the .618 & .65 fib levels.
I think we're currently in the C wave of wave 4 correction
LBUY
Currently in Wave 4. One more push above $2 we hope!Wave 1 did a 50% retracement and I have my buy zone at the 50% as well for the end of wave 4. Currently it looks like we are in the B of our ABC correction through wave 4. Upward trajectory seems likely to continue, unless we break under $1 again.
Waiting for the wedge to breakSeems like we should be getting an upwave soon, but I'm just not 100% on my wave count here. Our volume looks good on that last big upwave, suggesting to me that it's only wave 3. We got a double top on the RSI for that wave though, which might point to a good sell out point for wave 5. That last big sell off where 4 is might be a decent support.
Keep an eye on that wedge though.
If we go down I'd say 1.08 at the worst
I'm assessing my risk and staying in for the long game. OCT 17th BABY!!
Trying to find re-entryYou can see that the pressure in the RSI broke upward when we went to .85 and then bounced off our average line, showing that the average line now represents a support
