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BYD.....Correction not yet finished!Hello Traders, BYD is on path with my forecast. The stock has declined to new lows, and this down-sequence isn't done yet! On Friday, wave ((3)) has finished @ HK$ 224.60, and wave ((4)) should start. A target area for this scenario is at or around the HK$ 250 levels. If Friday's low was not the end of waves((3)), (may a wave 3 of one lower degree has ended), the stock will stay right on his path for lower price in the coming week. But keep in mind! As steeper the correcting moves, the less the probability for the count is given! BYD has to charge his battery for a new impulse! Have a great Sunday..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
HKEX:1211
by ruebennase
2
BYD.....Correction within a wave c!Hello Traders, since my latter analysis, BYD has made no progress. Instead, it was declining to 260 area, where the bullish count would be negated for the moment. I have revised the count. As a result, I count BYD correcting within a waves c of (y) of ((ii))! Today, waves (3) (Micro degree) could have end!? If so, the next move will be to the upside, developing as an a-b-c, finishing waves ((4)). After a decline below today's low is in the cards; finishing waves ((5)) of c of (y) of ((ii))! At the bigger picture, this move, if so to come, will end a large correction, and BYD will start a new impulse within a wave's 3! Targets for this scenario are well above seen levels. Have a great week.... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk! The editor is invested!
HKEX:1211
by ruebennase
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?Price action and chart pattern trading > Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal. > Aggressive entry @ downtrend channel wave ii and iv breakout > Safer entry point @ triangle breakout > Target @ previous 1 wave 0.382- 0.5 retracement zone > Stoploss @ triangle lower support zone > Risk reward ratio: 2:1 Indicator: MACD - signal golden cross anticipated soon RSI to breakout downtrend line MA before making the long entry Always trade with affordable risk and respect your stoploss
HKEX:1810Long
by dukeposh