I Expect the Markup Phase on $RSG to Continue for Some Time

First noted here, I believe $RSG is likely in a third wave advance of intermediate degree. The one change I’m making to the original chart is changing the two target points to a single range. That is the expected length of wave 3. There can be subwaves between here and there and I’ve identified the only candidate I see for one wave. I would expect it to still go higher before arriving at green 3.



[UPDATE]: The target range for my projected intermediate (orange) 3 has been reached. I will file this under “Successful Calls.” I will need to monitor the price action from here prior to making a new call.


Leave a Reply

Your email address will not be published.