Long
CGC- $50 target - HOW COME ?
- CGC finding the bottom of Wave 4 = I am expecting it to hit the high of Wave 1 but not penetrating too deep inside Wave 1.
- 1st Wave (4) target: 42.60
- 2nd Wave (4) target: 44.10
- Entry: 42.60-44.10
- Stop loss: below 42.60
- Target: 50
- R:R ratio: 6.48:1
- 1st Wave (4) target: 42.60
- 2nd Wave (4) target: 44.10
- Entry: 42.60-44.10
- Stop loss: below 42.60
- Target: 50
- R:R ratio: 6.48:1
Trade closed: target reached
This is telling you how important the Elliott Wave structure can do in terms of setting your trade plan.
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