Walmex longAfter publishing last firday, I forgot that the elections were that sunday. I didn't factor that into the trade, fortunatly the stop loss was set tight, however, this open a new buying oportunity for the long term in walmex
WALMEX trade ideas
Minimum test on WALMART MexicoTesting a local minimum on WALMEX. Price has been trending lower, however it recently hit a very strong down movement. It seems as if the candles that have come out recently indicate that this drop has momentarily stopped. It's important to stay looking at how candles develop to avoid catching a falling knife, but price could possibly reverse here until it hits one of its moving averages
LONG if takes zone 0.3 of Fibonacci as resistanceFIBO rebound strategy has worked well, the previous entry was at 0.5 FIBO, this new entry can occur if it exceeds the 0.3 zone and takes it as support.
Bull long termI see two good point to buy here, this only for long term, I believe we need to wait couple days more to make an order.
WALMEX iteración 1 - $59.91 onda (V) (I) = 19.09
(III) = 32.22
(V) = 30.39
I = 7.93 II aprox. 100%
II = 18.97 IV aprox. 61.8%
III = 23.45
(1) = 9.34
(3) = 16.45
(5) = 9.34
Precio objetivo de 59.91 para terminar la (5) de V de (V), es decir, el último impulso de súper ciclo.
