Using our Elliott Wave Indicator Suite we have identified a longer term 5th wave long using the weekly time frame for the BRKR Stock. The Wave 4 Pull back has found great support in our Amber Pullback zones, giving an 80% probability that price will hit our automated 5th Wave target zone (highlighted in blue on the chart). Entry Stop Loss and Target Prices easy to view on the chart
The Wave 4 behaviour is also good where we measure our Elliott Wave Oscillator pullback within our 90/140% zone. We also see that the Wave 4 pulled back against our false breakout dots on our special stochastic. The False breakout dots denote a strong Bullish trend and so when a Wave 4 pulls back against these and cross in the opposing over sold zone, then there is a strong probability the stochastic will return to its overbought zone and strong Bullish Trend. This type of move on the weekly timeframe could take anywhere from 7 to 15 weeks, so this is a great investing opportunity.
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
The Wave 4 behaviour is also good where we measure our Elliott Wave Oscillator pullback within our 90/140% zone. We also see that the Wave 4 pulled back against our false breakout dots on our special stochastic. The False breakout dots denote a strong Bullish trend and so when a Wave 4 pulls back against these and cross in the opposing over sold zone, then there is a strong probability the stochastic will return to its overbought zone and strong Bullish Trend. This type of move on the weekly timeframe could take anywhere from 7 to 15 weeks, so this is a great investing opportunity.
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Nota
Adjusted Stop to $45.80 making this trade Risk free
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Learn more and Subscribe here! globaltradingsoftware.com/product-category/tradingview-platform/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.