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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 48.79-1.7%Dec 11 4:00 PM EST
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To: da_cheif™ who wrote (191637)7/10/2023 10:07:43 PM
From: #Breeze3 Recommendations

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CrashDavis
isopatch
toccodolce

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I modeled a 5 wave count of a higher degree. The five wave count I just posted, let's call it Wave (1). Then Wave (2), (3), (4) and (5) follows. The pullbacks for Wave (2) and (4) I modeled at 61.8% and 38.2% respectively. And Wave (3) and (5) I modeled price extensions at 1.618 and .618 respectively.

Here's the chart with the modeled Wave count. I did not model the duration of each wave.

tradingview.com

My model has 13.818% for Wave (5).

But if the pullbacks are shallower and price extensions extend who knows how high rates go.
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