Hello,
I've been watching BYD for quite a long time.
We've been through Elliot 1-5;A-C;1-5:
This suggests that this asset is riding those waves all day long.
My interpretation of the most recent price action:
We're now on the way from A to B and expecting to reach point C soon fibonacci 0.382 =(€27)
This level around 27€ would be my preferred long entry.
Currently we're at 32.15€ which might make a short position interesting: now to C is -16%
Finding a suitable stop loss is complicated though. I'd suggest 33.50€ as stop if you go short.
This is not financial advice.
I've been watching BYD for quite a long time.
We've been through Elliot 1-5;A-C;1-5:
This suggests that this asset is riding those waves all day long.
My interpretation of the most recent price action:
We're now on the way from A to B and expecting to reach point C soon fibonacci 0.382 =(€27)
This level around 27€ would be my preferred long entry.
Currently we're at 32.15€ which might make a short position interesting: now to C is -16%
Finding a suitable stop loss is complicated though. I'd suggest 33.50€ as stop if you go short.
This is not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.