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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 53.95+8.7%Jan 9 4:00 PM EST
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To: #Breeze who wrote (205471)8/3/2025 9:36:34 AM
From: My 2 Cents Worth1 Recommendation

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misu_byk

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Thanks #Breeze. I was doing some calculations and what I've come up with is that the high of 15.34 on 7/21 was only the top of wave 1 of wave 1 of 3.

The bottom of Wave 2 was on 5/30 at 7.93
The top of wave 1 of wave 1 of 3 was on 7/21 at 15.34.
A fibo 34 TD's to the high on 7/21

15.34 - 7.93 = 7.41
61.8% of 7.41 = 4.57
15.34 - 4.57 = 10.77
The low on 8/1 was 10.87
If this is correct, then the bottom of wave 2 of wave 1 of 3 was hit or is about to be hit.. wave 3 of wave 1 of wave 3 is about to begin. Does this sound about right?
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