Darden Restaurants (DRI): Wave 3 Still Not Yet Complete

The below chart of Darden Restaurants Inc. (DRI) shows an impulse in motion and it's still well within the impulse mode. Wave 3 is clearly not yet complete and likely has one more subwave to be placed. Could white wave 3 be complete? Yes. However, that qualification is usually best determined using subwave placements.

The blue subwaves of white 3 show that blue 5 is still likely not yet in place. This means that higher highs can be expected. Once complete, would I take some profits? I usally take some off the table at waves 3 and 5. The coming ABC correction for white 4 could easil morph into another more complex sequence since white 2 was simple. Rule of alternation could be adhered to.Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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