Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 156.67

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3:59 PM EST

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Augustus Gloop

Kirk ©

rdkflorida2

To: Kirk © who wrote (20296)	9/6/2024 1:37:33 PM
From: #Breeze	3 Recommendations Read Replies (2) of 26474

Kirk, I was anticipating a Wave 4. A Wave 4 is a retracement of the entire gain of a Wave 3. Wave 3 started at 97.52. So that's why I started the retracement ruler at that point. Also a Wave 4 cannot fall below the Wave 1 high. That happened today. So my wave count got invalidated. So I have to post a new wave count. Primary Wave (circle) 4 did not end as I labeled it on the chart I last posted. The typical pullback has three legs. Which Primary 4 did. However a deeper pullback has a deeper three legged pattern. An ABC decline (A), an ABC rally (B), then a five wave pattern (C). So a larger ABC. This is the pattern that is unfolding.

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