Here triangle is going to end its formation very soon and a break to the upside is expected to unfold the green wave 5.
Triangle is a type of correction that always precedes the final movement in the larger trend.
If assume that wave 5 will be the same length (as waves 1 and 3 are equal in length), the price will go above 6 CAD.
Triangle is a type of correction that always precedes the final movement in the larger trend.
If assume that wave 5 will be the same length (as waves 1 and 3 are equal in length), the price will go above 6 CAD.
Nota
There we go!Nota
I believe we might go lower and touch upper edge of the smaller triangle before starting strong impulse up.Dagangan aktif
June marks wave 5 start with the highest volumes in the company history.Nota
This is my updated EW count for the base case scenario where we are in the black 3 of green 5 now (the green 5 is wave this idea was created for). I expect the green 5 to touch upper edge of the greens 2-3-4 channel following a textbook 5 wave length prediction.Nota
Bearish RSI divergence is looming over on weekly timeframe. And wave 5 is close to completion.
I decided to trim the half of the position at 3.86 CAD.
Nota
This is the count, however it might just 1 of 5 which would mean there could be larger profit. Dagangan ditutup: sasaran tercapai
I closed position and moved profits to different ideas.I don't think wave 5 is completed but time will tell.
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.
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.