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Pastimes : Da_cheifs vomitorium

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Mongo2116
rdkflorida2
Winfastorlose
To: Mongo2116 who wrote (6878)7/1/2023 12:09:38 PM
From: #Breeze3 Recommendations  Read Replies (1) of 7553
 
Mongo, PS aka Yosemite Sam continues to draw Bearish Wave Counts no matter that they get invalidated.

Here’s his drawing of his WXY wave count until it was invalidated. Note the points of invalidation on this chart. The H&S top that he expected to support his Wave C of Y was invalidated. And once Wave 2 of C of Y was invalidated, he whips out an alternate bearish count. See second chart below.

tradingview.com

This is his alternate bearish wave count which he wrote is now his Primary Bearish Wave Count. He now claims that the Oct low was Wave A of a major ABC decline. As I previously wrote this give him plenty of wiggle room. His initial projection of a Wave B top got invalidated this week. As prices lift to the ATH, he’ll continue to cling to a possible ABC flat or if the ATH is breached then an expanded (irregular) ABC. It’s time for him to post a detail wave count on a 4-hour chart.

tradingview.com

That breakout from a triangle projects a break thru of the ATH.
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