Hi traders:
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of the structure and observe for reversal indication,
or price breaks out of this large correction and in this case I will wait for smaller continuation correction to go long.
Thank you
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of the structure and observe for reversal indication,
or price breaks out of this large correction and in this case I will wait for smaller continuation correction to go long.
Thank you
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.