Long
2 possible buy areas
The Stoch RSI and regular RSI support the 5 elliot waves movement. If the support line is broken (see the yellow area), then the next area to buy is at the end of the last wave at point 5. This area is based on the projection of ab=cd from point 2 to point 5. If the pattern is confirmed, expect the price to bounce upwards towards point C where you should consider selling.
Thoughts?
Thoughts?
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.