Conclusion: Wave 3))purple continues to move higher.
Key Points: We are in an Extended Wave, specifically the 1)blue of wave 3))purple, which will basically continue to move higher, aiming for the nearest level at 11.32 or higher at 15.00.
In the short term, wave 1)blue may complete, and then wave 2)blue will pull back lower, giving us better trade setups.
So just watch this stock until wave 1)2)blue completes, and price pushes higher above the Confirmation Point (Wave B of wave 2)Blue) at which point the bullish trend could move much higher.
©By Hua Chi Cuong (Shane), CEWA-M
Key Points: We are in an Extended Wave, specifically the 1)blue of wave 3))purple, which will basically continue to move higher, aiming for the nearest level at 11.32 or higher at 15.00.
In the short term, wave 1)blue may complete, and then wave 2)blue will pull back lower, giving us better trade setups.
So just watch this stock until wave 1)2)blue completes, and price pushes higher above the Confirmation Point (Wave B of wave 2)Blue) at which point the bullish trend could move much higher.
©By Hua Chi Cuong (Shane), CEWA-M
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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.
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.