Hi All,
I have been looking at the larger picture and the analysis favours a long.
The stops should be below: 16.60
or for longer term traders stops should be below: 15.67
If I didn't count it wrong we are in the 3rd of the 3rd of the 3rd of the 3rd and generally it means a big move.. to the upside if the counts are right.. - nobody can know if it would until it does.. however for the loss of around $0.40 cents and the potential of $20+ price it is kinda a nice risk reward..
I have been looking at the larger picture and the analysis favours a long.
The stops should be below: 16.60
or for longer term traders stops should be below: 15.67
If I didn't count it wrong we are in the 3rd of the 3rd of the 3rd of the 3rd and generally it means a big move.. to the upside if the counts are right.. - nobody can know if it would until it does.. however for the loss of around $0.40 cents and the potential of $20+ price it is kinda a nice risk reward..
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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.