$MTPLF - RC -
Added 2025-05-22 12:25:42 +0000 UTCThis has gone parabolic over the last few days and although there can still be one more leg up to complete Wave 5 at the most extended Fib level at 4.618, it is not worth chasing.
All parabolic moves trigger panic selling as fast as it has risen.
Wait for the pull back below $8 before considering a position here.
Comments
Damm good call, maybe I will start a position today !!
Julien
2025-05-23 12:41:05 +0000 UTCWhat is the 5.618? Asking for a friend :’)
Happylucky
2025-05-22 14:16:09 +0000 UTCThe amber fibs on the chart
G4Golf
2025-05-22 13:53:10 +0000 UTCThanks. What is a typical retraction for end of ABC correction after hitting 4.168 for wave 5?
AR
2025-05-22 12:40:45 +0000 UTC
