PCLN – 5 waves are complete and the first AB=CD appears at 1039. Then 988 as former resistance ….these levels are KEY to the continued bull run of PCLN. An amazing run … however, it’s not a far stretch to say that 5 waves are complete. If so … we should see 550 over the coming year.
PCLN … amazing advance but one that is at/nearing an end for now.
a clear wave structure is in place that makes this current move up equal to a 5 on declining volume. also, it’s parabolic so don’t get to overzealous and short up in here – however – take not of my TSLA post, AAPL posts, etc to see how amazing parabolic moves are to the UPSIDE and how they get balanced by moves to the downsides that are equal and opposite w/ intensity. In my lifetime, I have never seen a parabolic move that rock and rolls to extreme highs and then digests/distributes and pauses and then takes off again…they all crack, hard.
