Although my preferred bullish EW count for metaverse stocks are not the same, RBLX COIN AAPL are behaving like they are in wave v Last uptrend wave of a wave 1 impulse before a sharp and sudden wave 2 retracement.
However, MTTR might have completed wave 1, so it is likely to re-test the breakout price of $28… recall that is what U did, retested $175 the breakout price after hitting $210 ATH (wave 1). EW indicates that U is likely to be still in wave 2 i.e. more decline So whatever happen to U, will happen to MTTR, then RBLX and COIN.
My preferred bullish count is COIN in Intermediary degree (multi-week) wave v of Primary degree (multi-month) wave 1, abbr wave 1.v Lowest target is ~$398
COIN:
Is it really in wave iv? Could it be in wave iii.(2)? Below $294 would mean it is in wave iii.(2) or worse (that would be bear count). It is now trading below my last FOMO purchase of $310.
Is NVDA your another high % holding? I believe you have DOCU too. See how it catch up with other? By dropping 40% in a day. Don’t be too surprise that NVDA behaves similarly. How about $200 sound?