First time posting my ideas on here. Mainly just thinking out loud. Comments and critiques gladly welcomed.
After recent completion of the handle in the Cup & Handle that formed last month, we will see some short term pullback for 3-5 days to the $32.5 - $34.25 range. This would be wave 4 of the elliott wave and the support range is reinforced by short term ichimoku cloud (not shown in charts) . Wave 5 target of about $39.75 - $41.25 in about a week.
After recent completion of the handle in the Cup & Handle that formed last month, we will see some short term pullback for 3-5 days to the $32.5 - $34.25 range. This would be wave 4 of the elliott wave and the support range is reinforced by short term ichimoku cloud (not shown in charts) . Wave 5 target of about $39.75 - $41.25 in about a week.
Note
Should be noted that I expect strong resistance around $40 as I mentioned. I believe from there we should see some pull back to around $30-$35 afterwards but I will reinvestigate that as we get closer.Note
Looks like we're a little ahead of schedule. Lets see if the $32 support holds...if not the next support is ~$27-28Note
Potential uptrend starting. Will look to reenter upon breaking $35 for the ~$41 target. 15% profit.Note
$34.80 ... Almost there, keeping an eye out. The we have to break through one hour ichimoku cloud which is at $35.50.
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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.