Long
BVX: early plan
BVX
Key levels: 4.32, 4.84, 5.75
Bearish below: 4.32
Bullish above: 5.75
We are in the process of descending towards a key support at 4.84... stops should be tight if we go for the aggressive entry as 4.84 is tested and upon this support failing we will watch for 4.32 support to hold up.
In the case 4.32 support needs to test I think this move extends out to 4-5 months for proper recovery assuming consolidation is healthy and no negative catalysts occur.
In the case 4.84 holds as support we could be inside 3-5 weeks to attempt 5.75 bullish trend. This will still take 2 - 3 months, or could take longer without catalyst.
Key levels: 4.32, 4.84, 5.75
Bearish below: 4.32
Bullish above: 5.75
We are in the process of descending towards a key support at 4.84... stops should be tight if we go for the aggressive entry as 4.84 is tested and upon this support failing we will watch for 4.32 support to hold up.
In the case 4.32 support needs to test I think this move extends out to 4-5 months for proper recovery assuming consolidation is healthy and no negative catalysts occur.
In the case 4.84 holds as support we could be inside 3-5 weeks to attempt 5.75 bullish trend. This will still take 2 - 3 months, or could take longer without catalyst.
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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.