TQQQ update 7/13/2015: Targeting Primary III

Although my primary III target for TQQQ has not changed since the latest update (~$160 +/- $5), now that intermediate ii, minor 1, and minor 2 are completed (latter most likely) we can fine tune our targets and see where Fib-extensions of different wave degrees overlap to see what likely targets for bigger and smaller waves will be.

As such, please find below the Fib’s for the minor and intermediate waves of major 5. There’s nice overlap with the 138.2% extension of the minor an intermediate waves at around $140, suggesting a minor 3 target (3rd of 3rd waves often hit the 138.2% extension). then minor 4 should retrace about 38.2% of minor 3: back down to ~$130. Then minor 5 up to the 176.4% extension, typical for a 5th wave, and which overlaps with the intermediate 161.8% extension; typical for a 3rd wave. Intermediate iii in this case. Looking even further ahead, a 23.6% retrace of iii for intermediate iv would then hit the green and red 123.6% extensions at around $136. Intermediate v can then be .618x intermediate I and target ~$164, right in the red 176.4-200% extensions. Therewith Primary III will conclude. Note that each minor wave will consist of minute waves, as shown by the white i, ii, iii, iv for minor 3.

TQQQ update 7132015

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