FabienGo

FabienGo

Assumption the bearish movement starting from 180 USD is over: Correction as ABC wave: A ending at 107 (length 73) B ending at 127 C ending at 50 (length 77) --> A and C wave almost equal, this matches well --->invalidation under 50, this would mean a longer correction in WXY for instance This would mean, impulse wave is in formation 1st wave up to 70 USD wave 2...

FabienGo Updated 

Nice setup on this nice value triangle in formation with good proportions (CD=61,8% of AB) why not E so that DE=61,8% of CD, would be around 24,7USD stop under 24 USD (=D) Target 33 USD = 1,618 wave 1 but could be much more

FabienGo Updated 

If the wave analysis is correct or even half correct :-), we have lots of extensions of 3rd waves which is usually a good sign for a slow but steady long term uptrend Entry point = now around 10,2 Stop 9,702 (would invalidate the wave ii) target = well this would be a buy and hold strategy in this case

FabienGo Updated 

following up analysis still valid and matches well with the 4h wave count next stop could be around 19 (or more if the 5th wave is extended) then waiting for correction to add around 38,2% fibo level (starting @ 12,586, ending @ next relevant high)

FabienGo Updated 

not sure about the WXY correction wave because the first zigzag is not really one (c truncated don't like it so much but bc=61,8% of ab so also not that bad) anyway triangle in formation right now so possible trace with a low risk ratio we would assume a wave 3 is coming 1) either enter then the triangle is broken with a stop under the e branch of the triangle 2)...

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FabienGo Updated 

Long term trend is bullish supercycle 3 ongoing possible entry point after completion of the 4th wave around 16,5 target at least 24€

FabienGo

Interesting patterns on that one: ABCDE triangle with good fibo proportions: BC=61,8% of A, DE=61,8% of BC ---> usually a triangle is a 4th wave or a B wave ---> I assume here it is a B wave since I don't see the other possibility with the 4th wave Therefore the high at 7,45 could be a C ---> good porportions with A=C ---> but looks more like corrective (ABC) and...

FabienGo

Monthly trend the high in 2014 @ 135USD has been corrected in an ABC flat correction the low @ 51,20USD corresponds to the 38,2% fibo level Therefore we would be now in a 3rd wave higher degree begining in march 2020 Weekly trend the high @ 103,59USD has been corrected to the 23,6% fibo level in october 2020 = 65USD Therefore we would be in a 3rd wave again (so...

FabienGo Updated 

Assuming we entered a new cycle end of 2021 - invalidation 19,75 we may now finish the 2nd correction wave bringing the share to 21 usd Strategy: surf the 3rd wave ! entry = 21,78 (note: hourly gap 21,03) stop = 19,75 target = 33,70

FabienGo Updated 

Not sure about the irregular flat pattern (correction of the high @10,865) but assuming the last movement was a C wave and assuming this C wave can be divided in an 5 waves impulse then the low would be behind us @9,159. A little frustating is the fact that the gap @9,156 has not been filled Anyway in this case a entry point would be the breakout of the 4th wave...

FabienGo

That one looks not bad either for a short term: target 12 stop under the 2 wave or long term - buy and hold the highs and the lows are always higher - so simply bullish

FabienGo Updated 

Fibo cluster around 35,5USD Assuming we are in an ABC correction following the uptrend movement 17,44-->46,81USD (wave 3) with B @ 42,55USD The ongoing C wave can be divided in 5 waves , however not with typical fibo ratios: wave 2 = 50% of wave 1 wave 3 = 200% of wave 1 wave 4 = 61,8% of wave 3 Fibo cluster: 36,03USD = 78,6% of wave A 35,59USD = 61,8% of the...

FabienGo Updated 

Assuming we are correction a large impulse, this could lead us to around 76=38,2% fibo level Adding at these levels to surf the 3rd wave for targeting 122 on the long term last big correction of the movement 17,5-->129,90 also ended at the 38,2% fibo level more or less

FabienGo

Assuming a correction of the last movement to the 38,2% fibo level around 41,2 Level confirmed by the c target of the abc ongoing correction stop easy under the last lows around 38,5 targets: either we are in a impulse wave --> target at least 161,8% fibo at 49 (orange scenario) or we are in ABC correction (red scenario) --> target when AB=BC, around 47 on the...

FabienGo

Assuming ABC correction ongoing A would finish around the first gap --> go long @ 21,74 then B wave developing --> sell at the top (when to check later) let C develop --> go long at the second gap 17,27 could be a kind of plan ;-)

FabienGo Updated 

The wave I of the supercycle starting in 2009 is achieved and a correction is in place wave II seems to come to its end slowly the stock is very bearish so measure your risk ! Buying zone = roughly 30 to 38 limit order at about 33€ may be a good choice (23,6% fibo level) but this could go much lower.

FabienGo

Either the wave (iii) is finished and the wave (iv) already corrected enough or the wave (iii) is extended and this is only the first wave that we completed. In this case, the correction could reach the red support One strategy may be to buy 50% at around 92 then reinforce either on the red line if that goes there (around 87) or above 100€

FabienGo

Again a small value this one doesn't move so much on a daily basis but since a couple of monthes, the lows are always higher, the highs higher, a nice channel shows the path and we may enter a 3th Elliott wave stop easy under the last low