Micron Technologies (MU) had a quick wave 4 retracement before a potential wave 5. Wave 4 already tapped in the .236 retracement and waiting on price to come closer to the Daily Ichimoku Cloud. The semiconductor sector has been up and down, but I'm looking for MU to follow Taiwan Semiconductor (TSM).
Everyone is entitled to their opinion and should respect their fellow trader's choice of method to calculate the probabilities in their favour. Suggesting it is "nonsense" or "it is not based in anything" is quite rude and disrespectful. Alpha_Trader206 is simply sharing his thought with his choice of Elliot wave to do his analysis, free of charge. Should you agree or not agree with his analysis is your choice but making comments with no support of your own thesis/analysis in very inconsiderate.
Shammus01
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Elliot wave is nonsense. You constantly have to go back and rethink it when it fails to provide entries and exits. It’s a fool errand. Do a Fibonacci channel on micron all time, and it becomes clear. $500 late 2022
Alpha_Trades206
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@Shammus01, I respect your opinion on Elliott Wave. Some people think it non-sense. Some people find it a useful tool. As traders, everyone finds their own methodology that works
Shammus01
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Alpha trades, thanks for being so thoughtful, but really ditch Elliot wave. Really. It’s not based in anything. Not math, not statistics. Not patterns, or previous amplitude moves. It’s just wishful thinking. But, micron to $500!