It is, and right now I'm waiting for it to find a bottom. The target is the 100% extension at $77.37, and we *may* have come close enough to that. So I'm now looking for signs of a small five wave up move to consider the bottom in. I've added at just under $78 today.
How do you think about it now, after earnings move to the lower side. It appears to me it is following your wave pattern perfectly.
It is, and right now I'm waiting for it to find a bottom. The target is the 100% extension at $77.37, and we *may* have come close enough to that. So I'm now looking for signs of a small five wave up move to consider the bottom in. I've added at just under $78 today.
Continuing to fall, now $74.20, no signs of a bottom yet
Yup, but MACD is diverging now and we're still WELL within the support area. Can go to $68.61 with no issue in terms of textbook levels.