Constellation of opportunities
It is clear that five impulse is in the past and now it is a correction. This idea is to ride wave C of the correction.
- [* wave picture is suspiciously clear which is a bit of concern: wave A was a zigzag and wave B was a flat (and a clear 5 wave preceding impulse]
[* flat of wave B is finished so now a move to the south has been started]
[* additionally, promising entry is supported by price breaking out of Bollinger Bands]
[* safe exit target is around $215 which is the middle of the gap to fill. If this would be a zigzag or even ending diagonal in it, it would be more clear where to exit and I will provide an update. One of the options is that length of wave C will equal length of the wave A. So 18 to 25% gain here is expected]
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.