The analyst expects $MU to complete a Wave A pullback, followed by a relief bounce (Wave B), then a further decline (Wave C) to their target, similar to $PLTR's pattern, indicating a bearish outlook.
Wave pattern analysis indicating a pullback and further leg down after a relief bounce, following a textbook impulse wave higher.
$MU is about to complete its Wave A pull back Relief bounce for Wave B next (exit liquidity bounce) Followed by a further leg down for Wave C to our target. Standard and following $PLTR exactly And like all positions that have completed their impulse wave higher $MU has been textbook No different than any other position that came before it
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -1.6% | -1.3% |
| 1 week | -0.5% | -1.0% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |