SUMMARY
Tyson Foods (TSN) needs to take a breather and that's called a wave 4. As shown in the below chart, waves 1,2 and 3 are now complete and wave 4 is well into its start. The MACD is quite oversold, so expect a bounce. The subwave counting should be able to qualify these counts.
For now, I've added the simple ABC decline for wave 4 correction. Since equities abide more by the rule of alternation, it's likely that Wave 4 can morph into something more complex because wave 2 was a simple ABC. The blue subwaves for white 3 concur in the labeling. This too would be a good ladder in opportunity to play the bounce; however don't let greed allow you to forget about the coming red C.
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