Long

DWAC Long Opportunity

After completing the 5 wave cycle from Nov 23rd to March 1st. Retracement waves A and B have been completed. It's likely that this will finish the C wave at the .618 Fib $58.81

.618 Fib hit on the 4H timeframe after the Bollinger bands and ADP hit oversold territory

4H Positive Divergences: Hist, RSI, MOM, MFI. Wait for MACD to flip positive with increased buying pressure before placing an order
Chart PatternselliotwaveanalysisTechnical IndicatorsSPDR S&P 500 ETF (SPY) Wave Analysis

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