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RE: Monaco (MCO): UBER BULLISH!!
Hey Haejin, I found EOS didn't finish the e correction before breaking upwards. Is it normal or rare?
Hey Haejin, I found EOS didn't finish the e correction before breaking upwards. Is it normal or rare?
Just a really bullish move..... Think of it as an ABC correction....then starting with what was D you can count a 5 wave impulse up.
This is why laddering in when you know the correction is ending is more prudent than trying to hit the last low point. Not that you did that, just FYI.
Great answer!!$
Looks like you can just re-label it to a normal A B C correction. And then, it's the start of an impulse. My two cents.
haha.....good call!