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So, wait for the price to bounce at the Resistance level, and then we can short our stock.
- Right now, According to the wave theory, Impulsive waves are countered recently by the Corrective wave by making lower low than the previous corrective wave.
- Also, there is a Demand zone below from where we can expect a bounce.
- There is a Resistance level at the top. This level is fresh and thus may be broken also.
So, wait for the price to bounce at the Resistance level, and then we can short our stock.
交易進行:
As we said that this may be the last move of the bulls. We did this analysis based on the Elliot Wave Theory.
So, This stock moved down as we said. Now some of you may have short the trade and booked the profit. But for others, One can wait for the stock to make another corrective move.
And as soon as the stock breaks the level of "Low of Conservative wave" One can short the trade.
So, This stock moved down as we said. Now some of you may have short the trade and booked the profit. But for others, One can wait for the stock to make another corrective move.
And as soon as the stock breaks the level of "Low of Conservative wave" One can short the trade.