$AVGO just wrapped a sharp 4-day dump and is now testing its July low around 356. If that level breaks, we're looking at a confirmed ABC correction off the June peak — meaning wave C is live.
Wave C target sits at 294, which would be a full round-trip back to March lows. That's not a small move. If you're holding, this is the line. Below 356 and the structure flips bearish with real downside in play.
If it holds, we get a bounce setup. If it breaks, 294 is the magnet. Simple as that.
Wave C target sits at 294, which would be a full round-trip back to March lows. That's not a small move. If you're holding, this is the line. Below 356 and the structure flips bearish with real downside in play.
If it holds, we get a bounce setup. If it breaks, 294 is the magnet. Simple as that.