Waiting to go long again from the 50% retracement of the move up (target price $197). 50% stoploss at $175 and 50% stoploss at $167. First TP is $268. Idea is invalidated if we have a break of $238 with a new volume spike and an hourly close above $238
評論
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評論
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Note the reduced volume on this B corrective wave as compared to previous moves up. I think this is a bull trap and we will still see sub 200 for the third corrective wave
Hi. Do you think it will do 268 then retract? Or it’ll retract from where it is then do $268. Further more, do you think the retraction will happen after $238 - in that case mirroring its movement yesterday.
douglasaa
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@yolo123, If we break 238 here and sustain it with a fresh volume spike, I will change my elliot wave analysis and look for another buy in