Motorola Solutions Inc. (MSI): Correction Could be Complete

SUMMARY

What is the most obvious feature in this weekly chart of Motorol Solutions Inc. (MSI)? What is sticking up the most? If you view the impulse (white waves); you should be able to notice the extended 5th wave. What do you do when there is an extended 5th? You take your profits and don't walk but run! The ABC correction that followed nearly decimated MSI. The red C wave retraced to the prior wave 2 level and that's almost always around 0.934 Fib level.

However, the best time to buy is at the terminal ends of a correction. So while everyone was freaking out in fear at the C wave terminal end; Technical Analysts would have been buying! Since then, price has impulsed up in five waves as labeled by the blue. So, if the blue 5th is complete, there must follow a correction (red ABC). The white arrow points to some amazing price rise potential which MACD should correlate with.

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