Seasonality July 24th - Aug 3rd: -3.34% return
Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Tuesday to complete the B wave.
Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. If we break above $44.27 there is a good chance we see $46.50.
If we get rejected at $44.27 look for more downside to the $42- $41.30 for support
If we head higher tomorrow look for a gap up above $43.29 for a long position, if we dont gap above $43.29 odds are we are headed lower
Short term: Down trend
Long Term: Uptrend
Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Tuesday to complete the B wave.
Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. If we break above $44.27 there is a good chance we see $46.50.
If we get rejected at $44.27 look for more downside to the $42- $41.30 for support
If we head higher tomorrow look for a gap up above $43.29 for a long position, if we dont gap above $43.29 odds are we are headed lower
Short term: Down trend
Long Term: Uptrend
Trade closed: target reached
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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.
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.