MU held a 5-wave up, 3-wave down into support
From the FREE Chart of the Week ‼️, $Micron Technology(MU)$ held a 5-wave up, 3-wave down into support
I projected a move to the 137-145🎯 over the next few weeks
Fast forward: MU has met that target zone ✅ 🎊
Micron produced a clean $-wave up from the April lows, then pulled back to the Monthly FVG support zone,38.2% retrace of the impulse, and back test of the downtrend line.
With the explosive move Friday, the next impulsive leg is expected to begin now with a high probability target of 137-145 over the next few weeks/months.
The ideal buy zone would be at the Daily FvG at 111, though a new one will likely form inside Friday's candle range. There is potential the decline from the June high is a 5-wave down,but i would still anticipate the 107-99 support zone to act as the termination point for the correction to then produce a new high. Below 95 would invalidate such.
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- Athena Spenser·09-11MU’s 95 invalid level clear! Friday’s pop has me eyeing 145!LikeReport
- Maurice Bertie·09-11MU hit 137-145 target! Next leg up,107-99 support’s key!LikeReport