Klv $klv may have put in a 1-2 count off of bottom
My assumption here is loosely based on a lower sub count of standing 1st wave diagonal and truncated 5th with an abc retrace into golden ratio
Uncertainty in the world brings uncertainty to markets
If markets don’t tank, this current move is healthy with good positivity to come
BUT most of the world is uncertain so must remain a factor in overall analysis
Conservative move off of this 1-2 would be 1:1 to .017
Get some legs and we double up to .03
Any retrace below .0115 invalidates this structure
The fundamental argument for this asset is only growing
My assumption here is loosely based on a lower sub count of standing 1st wave diagonal and truncated 5th with an abc retrace into golden ratio
Uncertainty in the world brings uncertainty to markets
If markets don’t tank, this current move is healthy with good positivity to come
BUT most of the world is uncertain so must remain a factor in overall analysis
Conservative move off of this 1-2 would be 1:1 to .017
Get some legs and we double up to .03
Any retrace below .0115 invalidates this structure
The fundamental argument for this asset is only growing