SMGR to me looks like it might have finished the large 5 wave move. I checked on other charting website that it already has a bullish divergence between the third and the fifth wave, which is a good possibility that the larger 5 wave move has finished.
We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
Note
Small volumes and tight ranges for almost two weeks. Keep watchingOrder cancelled
Nope.
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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.