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Reasonable Cycle Targets.
The first chart is a simple EW count, which shows we are currently trading at the 3rd cycle wave. It has an average target at $25. Could it be more, though? Absolutely! Further breakdown with chart 2
The second chart is an EW count of the cycle 3rd wave, which shows a clear 1 2 and is currently printing a 3rd which potentially has a target at $9.7 as an average, and could extend all the way up to 261.8% fib extension level at $61. But would it, though? That's where chart 3 comes in
The 3rd chart is a count of the sub waves of the circled 3rd within the cycle 3rd, it actually shows a strong 1st sub wave, and recently corrected and put in what could be a low for the 2nd sub wave. If so, then the next 3rd wave would have a potential target up at $21 to $61, depending on whether it's an extended or a regular one.
So, I would say anywhere from $21 to $60 is a reasonable target for the 3rd Cycle wave.
It will be followed by a period of sideways, frustrating PA before one last push to the upside for a 5th, which usually lacks strong buying momentum. Once the 3rd is finished, we can then discuss the 4th and 5th in greater detail as PA develops.
it would be reasonable, imo, to have the $21 to $60 zone as a target to start taking out some of your profits, if you ask me! it could go up to $130, depending on the cycle 3rd and 4th wave nature, but the best way to beat this market is DCA out at key levels.
I would appreciate a like+rt
thoughts/questions?