not sure about the WXY correction wave because the first zigzag is not really one (c truncated don't like it so much but bc=61,8% of ab so also not that bad)
anyway triangle in formation right now so possible trace with a low risk ratio
we would assume a wave 3 is coming
1) either enter then the triangle is broken with a stop under the e branch of the triangle
2) or anticipate and enter now with a stop under the c branch of the triangle
target 161,8% of wave 1 around 77€
Example:
entry point = buy over 69,5€
target = 77€
stop = 66,5€
anyway triangle in formation right now so possible trace with a low risk ratio
we would assume a wave 3 is coming
1) either enter then the triangle is broken with a stop under the e branch of the triangle
2) or anticipate and enter now with a stop under the c branch of the triangle
target 161,8% of wave 1 around 77€
Example:
entry point = buy over 69,5€
target = 77€
stop = 66,5€
Trade active
anticipated the trade but well doesn't look like a triangle finally ...so something wrong here but let's see
the stop @ 66,5 is not so bad
Trade active
still not stopped outcome on GILD...
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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.