Long

COTY - Consolidation coming to an end. 1:5 Risk:Reward !

Updated

COTY - This one seems like it might have finished wave e of (iv) so we can therefore look to buy and hold towards 9.55 at first as long as price remains above 6.5.
Risk-reward is good so I see no reason to not be involved in this one.

Note

Buying at current level with a small 5% stop

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Still holding for now.
A crossover on the MACD on the 65min chart would be a great bullish sign.
A move above 6.85/6.95 zone would also be a very encouraging confirmation that the consolidation has come to an end.

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Stop hit sadly, no harm done. Looking for new setups now.

ElliottWaveBelgium

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