23 Feb 2021 ● 01:56 PM
UPL has been building on a possible third wave. Today the daily momentum indicator crossed over to the buy-side as prices also closed above the 20dma at 547. On the weekly chart below wave IV just completed and wave V up started. Now when wave III is long you expect V to be shorter, but in this case, I wonder how that can be if 3=1 is as far as 912. Now, 5=1 is at only 631, the initial hurdle.