Did we reverse?

Last Wednesday CLVS went up more than 25%. It looked like we made a bottom and were now in a new uptrend, but over the past 3 days we are almost back to where we started. That doesn't by itself nullify the uptrend, but one must always be aware of other patterns and EW counts.
This is a possibility shown, where we are forming a triangle. The internal structure of the wave up on Wednesday are not a clear 5 waves and look more like a zigzag. So that may have been a c wave of triangle, and we are in a d wave about to start the e wave. If that is the case, there will be an impulse out of the triangle where we can go as low as 6s.
I am currently long and on the next bounce I will see how how high we can get. If we face resistance at the trendline of A-B I will set a SL and protect whatever profit I have and anticipate a C leg out of the triangle and down to as low as 6 where I will again look to go long. I will set the SL pretty big, so that if this is a 3rd wave I don't miss out.
This is a possibility shown, where we are forming a triangle. The internal structure of the wave up on Wednesday are not a clear 5 waves and look more like a zigzag. So that may have been a c wave of triangle, and we are in a d wave about to start the e wave. If that is the case, there will be an impulse out of the triangle where we can go as low as 6s.
I am currently long and on the next bounce I will see how how high we can get. If we face resistance at the trendline of A-B I will set a SL and protect whatever profit I have and anticipate a C leg out of the triangle and down to as low as 6 where I will again look to go long. I will set the SL pretty big, so that if this is a 3rd wave I don't miss out.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.