Last Growth Stock for the Day: $TREE

Last one, let’s look at $TREE. You can see the common theme between these last posts: growth. Last call on it was here. As with the other growth names, it, too, failed to rally. That said, it looks deliciously complete as a correction of even cycle (yellow) degree, dominated by two big triangles. Again, like the others, I smell total capitulation here, which is what we would see at the end of an ending diagonal making up the primary (pink) C wave.

Cycle (yellow) 3 should take us the the orange box you can see in the corner, but that’s years away. The other growth stocks I posted today are all in primary degrees, and this one will be too for the foreseeable future. It will embark on its primary (pink) one of that cycle (yellow) three. And that’s the only one we need to worry about for a long time. I have no target until I see the first wave of that, but it will rally in 5 strong waves, a genuine impulse wave (if this count is correct, as I suspect it is given the nature of the low I think we’re putting in here).


Leave a Reply

Your email address will not be published. Required fields are marked *