IAMGOLD CORPORATION - a long position swing trade
SUMMARY:
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
SWING TRADE:
Entry 'long' @ US$ 3.30
Price action has completed a abc (zigzag) pattern and has now corrected with a (bearish, any three wave / X-wave)
On a higher degree look from fractal perspective price action has completed (the A-wave) and the recent drop being the corrective (B-wave) setting price action up for a final (C-wave) which always is a 5-wave sequence.
I'll keep you updated along way... if there are any changes in price action I might take profit early or cut a loss without hesitation. but I'll give the trade time to develop.
Never marry the trade! Trade safe, be well.
- Omar Djurhuus
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
SWING TRADE:
Entry 'long' @ US$ 3.30
Price action has completed a abc (zigzag) pattern and has now corrected with a (bearish, any three wave / X-wave)
On a higher degree look from fractal perspective price action has completed (the A-wave) and the recent drop being the corrective (B-wave) setting price action up for a final (C-wave) which always is a 5-wave sequence.
I'll keep you updated along way... if there are any changes in price action I might take profit early or cut a loss without hesitation. but I'll give the trade time to develop.
Never marry the trade! Trade safe, be well.
- Omar Djurhuus
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