Elliot Wave analysis on Lamda
Updated
Hi! I'm just trying to learn Elliot Waves. That is an actual trade that I just took.
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's see if I actually learned something on Elliot Waves... In case you see a mistake please comment so I can correct my trading strategy and style...
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's see if I actually learned something on Elliot Waves... In case you see a mistake please comment so I can correct my trading strategy and style...
Note
In the daily chart there is 2 divergences in the Awesome Oscillator and it has hit the bottom trend line 4 times the past weeks... Note
It passed The 3 EMA's: 21, 50, 200, and its testing them again. Looks like some strong indications for a strong bull movement.
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