Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 178.34

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Dec 12 9:30 AM EST

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To: Kirk © who wrote (16368)	7/24/2023 12:23:50 PM
From: #Breeze	4 Recommendations Recommended By berniel Kirk © Sdgla Winfastorlose Read Replies (1) of 26768

Kirk, here's an LRCX Wave Count Update. tradingview.com Key points: After Minor Wave 2 ended in Dec. I was able to project a preliminary price target for Wave 3 at 725. That Wave 3 would unfold in a five structure that I'd label as Waves (i), (ii), (iii), (iv) and (v). Once Wave (i) and (ii) were complete I projected a preliminary target for Wave (iii) at 703. That Wave (iii) would unfold in a five wave structure that I would label as Wave i, ii, iii, iv and v. Again I would you their price points to project a target..and so on and so on. The point is that I use this method to confirm larger target prices and adjust them accordingly. In this case the preliminary target for Minor Wave 3 will get exceeded and I'll project a revised target. Also I use technical patterns to support my wave counts note breakout from a continuation H&S bottom. It projects a target of 703. This process is how an experienced e-waver should use EW and its rules, Fibonacci ratios and price extension. You heard the expression about "the devil is in the details". Hope this made sense. Breeze

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