seasonality July 24th - Aug 3rd: -3.34% return
Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Wednesday to complete the B wave.
Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. We need to gap above $43.27 in order for longs to be in the equation. If we don't its gonna be hard for the bulls to take that level over.
If we don't gap above $43.27 its very possible we see new lows.
CHOCH @ $44.19
Look for support at the $42 and $41 level.
Short term: Down trend
Long Term: Uptrend
Stay blessed
Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Wednesday to complete the B wave.
Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. We need to gap above $43.27 in order for longs to be in the equation. If we don't its gonna be hard for the bulls to take that level over.
If we don't gap above $43.27 its very possible we see new lows.
CHOCH @ $44.19
Look for support at the $42 and $41 level.
Short term: Down trend
Long Term: Uptrend
Stay blessed
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.