The Long Investor
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$TPL - RC -
🕑 Added 2025-05-22 18:46:57 +0000 UTCVery well formed impulse wave until the end of 2024 and there has been a 3 wave pull back in amber to between the 200 WMA and in between the 0.38 - Fib and the 0.5 Fib
However, the ABC pull back count is very short timed compared to the impulse wave counts.....but nevertheless valid as there are 3 waves.
But if the price action fails to make a higher high above $1437 from the start of May, then you must consider that the larger Wave C in red plays out next down to the 0.618 Fib at $681.
A higher high above $1437 and I believe this can move back up to the ATH level at $1771.
Comments
Marcel
Requested chart?!
Sudhanshu Nigam
What does RC mean next to the ticker name.
